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Understanding Business Fees

Discover current fees

Learn how fees work at Interac

Switch Fee

ProductSwitch FeeEffective Date
Interac Cash$0.008414April 1, 2019
Interac Debit (including Interac Flash, in-app and in-browser payments)$0.008000November 1, 2018

Interac Debit for in-app and in-browser payments

Acquirer service feeAll applicable transactions
*Includes Switch Fee
$0.025

Interchange Fee

ProductInterchange FeeApplicability
Interac Cash$0.75 flat-feePer completed cash withdrawal transaction paid by Issuer to Acquirer
Interac Debit $0.00Not applicable
Interac Flash$0.02 – $0.035 flat-fee
Per completed purchase transaction, and based on qualifying tier of merchant from which transactions originate; paid by Acquirer to Issuer
Interac Debit in-app and in-browser payments60 basis points capped at a transaction value of $300
Above transaction value of $300 there is a flat fee of $1.80
All eligible transactions

Interac Flash Interchange Pricing Structure

TiersFlat-FeeQualification Criteria
Tier 1 Low-ticket merchants$0.020Merchants in segments with an average Interac Debit transaction size below $20.
Qualifying segments:
Fast Food Restaurants (MCC 5814)
Convenience Stores (MCC 5499)
Movie Theatres (MCC 7832)
Variety Stores (MCC 5331)
Bakeries (MCC 5462)
Dairy Product Stores (MCC 5451)
Charitable and Social Service Organizations (MCC 8389)
Tier 2 High volume merchants$0.025Merchants that meet a minimum annual transaction volume threshold. From April 18, 2018, the transaction volume threshold is 20 million Interac Flash transactions, based on transaction volume in the previous calendar year.
Tier 3 All other merchants$0.035Standard interchange rate that applies to all other merchants.

Interac Online Acquirer Service Fees

Completed purchases < $35 Tier 1 ($0.00 to $15.00) $0.115
Tier 2: ($15.01 to $35.00) $0.265
Completed purchases > $35 Standard $0.465
Utilities $0.415
Education $0.365
Government $0.365
Charity $0.365
Financial/remittances $0.765
All other transactions Including declined purchases, refunds and administrative transactions $0.015
International Processing Fee Fee applied to the total CDN dollar value for all Interac Online purchases completed
at online merchants that operate outside of Canada
150 bps

*Interac Corp. will review and establish Tier 2 volume thresholds on an annual basis.

*All fees are subject to applicable taxes.

Fees Explained

Interac Corp. is committed to being a low-cost, economical payments provider.

Interac Corp. participants include Issuing financial institutions (FIs) that issue payment cards and other devices that provide customers with access to their bank accounts and Acquirers that provide connection and other related services to merchants and ABM owners/operators. The fee charged to Issuing FIs and Acquirers by Interac Corp. are wholesale rates. Interac Corp. does not charge any fees directly to customers and merchants.

An Interac payment or money transfer involves multiple parties that connect directly or indirectly to the Interac network and each of these parties may pay fees and/or charge fees. Here is a brief summary of the fees related to Interac products.

Interac Cash

Switch fee – ABM Acquirers and Issuing FIs that are participants of Interac Corp. pay a wholesale, flat-rate switch fee for every Interac Cash transaction message that they send to the Interac network. It is an annual, low-cost fee set on a cost recovery basis, and it is the only fee charged by Interac Corp. in connection with Interac Cash transactions.

Interchange fee – Interchange is a fee that a customer’s financial institution pays to the ABM Acquirer and it is intended to compensate the ABM Acquirer or ABM owner/operator for the service of providing cash to the Issuing FI’s customer. It is paid for every approved cash withdrawal transaction processed through the Interac network. While Interac Corp. has a role in setting the interchange fee rate, it does not receive any revenue from this fee.

Surcharge fee – ABM owners/operators may impose a surcharge (e.g., $2.00) on customers that use their ABMs. An ABM surcharge fee is also known as a convenience fee. As prescribed by the Interac Consent Order issued by the Competition Tribunal, Interac Corp. may not restrict the levying of a surcharge. If imposed, the surcharge amount must be properly disclosed to the customer, and the customer must be provided with the option of cancelling the transaction without cost if they do not wish to pay the surcharge. The amount of the surcharge is determined at the discretion of each ABM owner/operator.

Acquirer processing fee – ABM owners/operators pay a processing fee to the ABM Acquirer that provides them with connection services to the Interac network and the fee may include costs related to other services. The fee varies depending on individual contracts that ABM owners/operators have with their ABM Acquirers or connection service providers.

FI transaction/account fee – Customers may be charged a fee by their financial institution (FI) directly from their bank account for Interac Cash transactions (i.e., use of an ABM for a cash withdrawal that is not operated by their own FI). The application and amount of these fees vary and reflect the individual business decisions made by each individual FI. FIs may also charge a regular transaction account fee for Interac Cash transactions. These FI transaction/account fees may be included in a customer’s bank account package offered by their FI.

Interac Debit (including Interac Flash)

Switch fee – POS Acquirers and Issuing FIs that are participants of Interac Corp. pay a wholesale, flat-rate switch fee for every Interac Debit transaction message that they send to the Interac network. It is an annual, low-cost fee set on a cost recovery basis, and it is the only fee charged by Interac Association in connection with Interac Debit transactions.

Interchange fee – Interchange is a fee that a POS Acquirer pays to the customer’s financial institution to balance the costs and benefits of offering the service to customers. Interchange for Interac Debit is currently set at zero. Beginning April 2016, a new interchange pricing structure will be introduced for Interac Flash. While Interac Corp has a role is setting the interchange fee rate, it will not receive any revenue from the fee.

Surcharge fee – Merchants may choose to impose a surcharge onto customers on top of purchase amounts. Surcharging for Interac Debit transactions is not a common practice and the decision to levy a surcharge varies from one merchant to another. As prescribed by the Interac Consent Order issued by the Competition Tribunal, Interac Corp. may not restrict the levying of a surcharge. If imposed, the surcharge amount must be properly disclosed to the customer, and the option of cancelling the transaction without cost must be provided to the customer.

Acquirer processing fee – Merchants pay a processing fee to the POS Acquirers that provide connection services to the Interac network, and the fee may include costs related to other services. The fee varies depending on individual contracts that merchants have with their POS Acquirers or connection service providers.

FI transaction/account fee – Customers may be charged a regular transaction account fee by their financial institution (FI) directly from their bank account for Interac Debit transactions. The application and amount of this fee varies and reflect the individual business decisions made by FIs. The fee may be included in a customer’s bank account package offered by their FI.

Interac e-Transfer

FI service fee – Financial institutions (FIs) pay a flat-fee to Interac Corp. that is based on tiered transaction volume for each Interac e-Transfer they send on behalf of their customers. The fee charged to FIs is a wholesale rate.

FI transaction/account fee – Financial institutions (FIs) may charge their customers a fee (e.g. $1.50) for sending an Interac e-Transfer. At their discretion, FIs may also charge customers a fee for receiving an Interac e-Transfer. The application and amount of these fees vary and reflect business decisions made by each individual FI. FIs may also charge their customers a regular transaction account fee for Interac e-Transfer transactions. These FI transaction/account fees may be included in a customer’s bank account package offered by their FI.

Interac Online

Acquirer service fee – Acquirers pay a flat-fee to Interac Corp. for each completed transaction based on the customer’s purchase amount and merchant sector. The fee charged to Acquirers is a wholesale rate.

Interac Debit for in-app and in-browser payments

Issuer transaction fee – Participating issuers pay a wholesale, flat-rate transaction fee to Interac Corp. for eligible Interac Debit in-app and in-browser transactions.

Acquirer service fee – Participating acquirers pay a wholesale, flat-rate transaction fee to Interac Corp. for eligible Interac Debit in-app and in-browser transactions.

Interchange fee – Interchange is a fee that an acquirer pays to issuers for each transaction that they initiate and that is subsequently approved by the issuer. Interac will calculate the interchange fee on a per transaction basis. While Interac Corp. has a role in setting the interchange fee rate, it will not receive any revenue from the fee.