What is an Interac processing fee?
The charge for accepting Interac debit, the Canadian domestic debit network. Interac prices card-present debit as a flat amount per transaction rather than a percentage of the sale, which is why debit is structurally the cheapest tender a Canadian merchant can accept.
From a merchant statement
Also billed as Interac debit fee.
Who charges it and why
Interac sets the network cost and the processor passes it through, with its own margin on top. The structure is legitimate; what varies is the margin, and whether the processor quietly bills debit as a percentage, which converts the cheapest tender into a percentage revenue line as your average sale grows.
What fair looks like
Fair looks like flat per-transaction debit pricing that mirrors how Interac itself charges, disclosed on the rate card. Payzium publishes its Interac pricing on the pricing page, flat per transaction.
Can you get rid of it
You would not want to remove it, since debit done right is the cheapest way to get paid. What you can fix is the shape: if your statement shows Interac billed as a percentage of volume, that is a pricing conversation your statement review should open.
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Frequently asked questions
What is an Interac processing fee?
The charge for accepting Interac debit, the Canadian domestic debit network. Interac prices card-present debit as a flat amount per transaction rather than a percentage of the sale, which is why debit is structurally the cheapest tender a Canadian merchant can accept.
Who charges the Interac processing fee and why?
Interac sets the network cost and the processor passes it through, with its own margin on top. The structure is legitimate; what varies is the margin, and whether the processor quietly bills debit as a percentage, which converts the cheapest tender into a percentage revenue line as your average sale grows.
Can you get rid of an Interac processing fee?
You would not want to remove it, since debit done right is the cheapest way to get paid. What you can fix is the shape: if your statement shows Interac billed as a percentage of volume, that is a pricing conversation your statement review should open.
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