|Product||Switch Fee||Effective Date|
|Interac Cash||$0.006243||November 1, 2017|
|Interac Cash||$0.008484||August 7, 2018|
|Interac Debit (including Interac Flash, in-app and in-browser payments)||$0.005759||February 1, 2018|
|Interac Debit (including Interac Flash, in-app and in-browser payments)||$0.008000||August 7, 2018|
|Acquirer service fee||All applicable transactions
*Includes Switch Fee
|Interac Cash||$0.75 flat-fee||Per completed cash withdrawal transaction paid by Issuer to Acquirer|
|Interac Debit||$0.00||Not 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 payments||60 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|
|Tier 1 Low-ticket merchants||$0.020||Merchants in segments with an average Interac Debit transaction size below $20.
Qualifying segments are Quick Service Restaurants (MCC 5814), Convenience Stores (MCC 5331), Movie Theatres (MCC 7832), Vending Machines (MCC 5499), Bakeries (MCC 5462) and Dairy Product Stores (MCC 5451).
|Tier 2 High volume merchants||$0.025||Merchants 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||$0.035||Standard interchange rate that applies to all other merchants.|
|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|
|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
*Interac Corp. will review and establish Tier 2 volume thresholds on an annual basis.
*All fees are subject to applicable taxes.