Fees

Fee Overview

As a not-for-profit organization, Interac Association does not directly charge fees to customers and merchants. The Association operates on a cost-recovery basis, which means the Association charges members a "per transaction" fee sufficient to cover operating costs. The member fee varies annually based on operating expenditures for the year. For more information about the member fee, please click here.

The Interac Association members who offer Interac services to customers and merchants may charge fees for the use of those services. For more information about the surcharges members can charge customers, please click here. For more information about the fees members can charge merchants, please click here

While Interac Association does not charge customer and merchant fees directly, it does have a role in setting an interchange rate for shared cash dispense transactions through Automated Banking Machines (ABM). Interchange is a fee that the cardholder's financial institution pays to the ABM operator and it is designed to compensate the ABM operator for the service of providing cash to the financial institution's customer. A single interchange rate of 75 cents per transaction applies to all shared cash dispense transactions. Interchange for the Interac Direct Payment service is currently set at 0.