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We charge you the true INTERCHANGE Visa and MasterCard rates. The same rates that all credit and Debit Card processors pay to Visa and MasterCard. Based on your volume history we add a small percentage as our profit as well as a nominal transaction fee. So, when you get your statement from us you will see each line with the True card rate and the amount of the charge for that particular card as well as our profit. The only other charges you will see is for a small statement fee and any other regulatory fees that we do not take a mark up on.
THIS PRICING MODEL IS WHAT THE BIG BOX STORES HAVE USED FOR YEARS. IT IS CALLED “INTERCHANGE PLUS”.
Its clear, easy to read and understand, AND you save money too. AND, TOTALLY OPEN. You can check the true rates for yourself at these two links:
https://www.visa.ca/content/dam/VCOM/regional/na/canada/Support/Documents/visa-canada-interchange-rates-april-2021.pdf
https://www.mastercard.ca/en-ca/business/overview/interchange/merchant-interchange-rates.html
Since 2013 the ‘Canadian Government has issued “The Code of Conduct for the Debit and Credit Card Industry”. The Code gives certain protections to Merchants that must be followed by all Credit and Debit Card processors. It covers contract rules, notices of any fee increases, etc. You will find all the latest regulations at this link:
https://www.canada.ca/en/financial-consumer-agency/services/merchants/credit-debit-code-conduct.html
Here is a simple way we compare your present rates and fees to what we could offer:
MANY BUSINESSES BELIEVE THAT THEY GET THE BEST DEAL FOR THEIR CREDIT AND DEBIT CARD PROCESSING RATES THROUGH THEIR BANK OR TRUST COMPANY / CREDIT UNION. FALSE
The fact is that most financial institutions get a referral fee when they sign up a customer. The customer, YOU, are usually given a “Cookie Cutter Rate” that is not only standard stuff, but more expensive. very few banks can afford to have a full time Point of Sale Specialist on staff.
For example, if you deal with Scotia Bank and want them to arrange for your credit card processing you will actually be signing up with Chase Credit Services. Or CIBC will refer to Global Payments and BMO will refer to Moneris. TD is the only bank to have their own Credit and /debit Card processing and even they get referred from the bank to Head Office..
What this means to the Business owner? You are going to pay more for your credit and debit card processing. At times, Substantially more. There can be a difference of as much as 70% depending on how much you process and the company your bank deals with.
Some Companies in our industry pay their sales people “RESIDUALS”. That is, a continuing monthly commission for in some cases, the rest of their life. That is why many unscrupulous sales reps add in extra, sometimes, non-existent fees such as a percentage as a Non Compliant fee, Network Access fees, and many other up-charges that are non-existent under the INTERCHANGE FEES.
OUR GUARANTEE
We guarantee that we will provide the best program for your Credit and Debit Card processing and keep those rates so long as you are our client. You will never have to change providers again.
OUR CONTRACTS
Never again will you be locked into a contract that has Penalties or Fees should you ever wish to cancel for any reason! Our contracts are fully open and can be cancelled by you without any catch. That is how confident we are that you will love our service and will never have a problem of any kind that we will not solve quickly and without hassle.
OUR TERMINALS
WE PROVIDE THE MOST UP TO DATE, STATE-OF-THE-ART TERMINALS. Assuring you our customers the fastest and most convenient way to accept all credit cards at the Counter, at the Table, online or Remote for home or business delivery. They are reliable, and come with a lifetime warranty. Warranty does not provide for mis-use or negligence \ damage.
