Visa MasterCard Rates canada
If you are doing $5,000 a month, about 60% should be debit. So $2,000 a month is being charged a fee to be able to accept credit cards.
Based on $2,000 – Based On $5,000, $10,000
So what this should tell you, is that if you are not doing big number in VISA — the savings you get is not big money. What banks may do is offer a lower rate but add a monthly fee. They have a chart in the office of what they expect you to do in sales. After all the bank are ( and have had) collecting data from all of their customers. Both you and your competition bank records are at their viewing.
As above our rates are 1.52% Visa + Card Brand Fee 0.0904% (savings of $33.00 on sales of $10,000 in VISA but this only 40% of your sales. So you should be doing $25,000 a month or $300,000 in gross sales per year. If you are doing less that this the savings is smaller. $6.00 saving per month on VISA of $2,00
Our Debit 0.03 which represents 60% of your sales
Our Non-Qual Surcharge is 0.35%
There are no swipe fee— or any other monthly hidden fees
Return It When You Like
No Term or Contract or Exit Fees
No Lease No Exit Costs No Hidden Fees
Purchase For $375
If you have a merchant statement get it for free