Visa and Mastercard Cap Fees in Europe — Here’s Why Canadian Businesses Should Pay Attention
- SKY PLAZA
- Apr 7
- 2 min read
Updated: Apr 9
Why Are Canadian Businesses Paying Higher Credit Card Processing Fees?
In a recent development, Visa and Mastercard have agreed to extend the cap on interchange fees for non-European cards used in the European Union until 2029. While this might seem like a European issue, it’s actually a significant concern for Canadian business owners.
How Canadian Credit Card Processing Fees Compare to Global Rates
Canada continues to experience some of the highest credit card processing fees globally. In Europe, Visa and Mastercard have imposed limits—0.2% for debit cards and 0.3% for credit cards—yet Canadian businesses often face higher rates. This means your business is losing money each time a customer taps, swipes, or makes an online transaction.
Visa and Mastercard's decision to cap fees in the European Union shows that lowering these charges is possible, raising the question: Why hasn’t this happened in Canada?
How This Affects Your Business
The cost of interchange fees can add up quickly for businesses in retail, service, e-commerce, and trades. While the European Union has set a precedent, Canada remains behind in terms of reducing these costs. Visa and Mastercard’s fee caps in Europe highlight that lower fees are attainable, and Canadian business owners should demand the same.
How Canadian Merchants Can Help You Save on Credit Card Processing Fees
At Canadian Merchants, we provide Canadian businesses with more affordable payment solutions. Here’s how we can help:
Free terminal rental forever
Lower transaction rates than banks and competitors
No contracts — cancel anytime
Transparent pricing — no hidden fees, no inflated statements
Customer support that understands Canadian businesses
By switching to Canadian Merchants, you don’t need to wait for government regulation to save money. Our goal is to make lowering your credit card processing fees affordable and easy.
Get Started Today: Lower Your Processing Fees
If your business accepts debit or credit cards, you’re likely overpaying in transaction fees. It’s time to stop overpaying and take control of your payment processing costs.
Click here to get started: Free Terminal and Better Rates
Frequently Asked Questions (FAQs)
1. Do Canadian businesses pay more in credit card processing fees than other countries?
Yes. Canada has some of the highest interchange fees globally, particularly when compared to the European Union, where Visa and Mastercard have fee caps in place.
2. Can I reduce my credit card processing fees without switching banks?
Absolutely. Independent providers like Canadian Merchants offer lower fees and more transparent billing than traditional banks.
3. What is interchange, and why should I care?
Interchange is the fee paid every time a customer uses a credit card to make a purchase. These fees are often hidden in your monthly statement and directly impact your profits.
4. What’s included in Canadian Merchants' free terminal offer?
Qualified businesses receive a free terminal, lower transaction fees, and access to Canadian-based customer support—without long-term commitments.
5. How do I get started?
Getting started is easy! Just visit Canadian Merchants Free Terminal Offer and submit your details. We’ll take care of the rest or call 1-855-544-5554.
Get started today with a free terminal and a better rate structure.
