Govt reduces credit card fees by 27% for small business owners

eAwazLocal News

Hamilton – Canada’s small- and medium-sized businesses create good-paying jobs, keep main streets flourishing across the country, and deliver the dream of entrepreneurship. It is essential that these businesses thrive so they can continue being the bedrock of our communities and our economy. Small businesses pay fees to process credit card transactions, with the largest component being the interchange fee …

Deal with Visa, Mastercard to lower credit card transaction fees 

eAwazLocal News

Ottawa – The Government of Canada today announced it has finalized agreements with Visa and Mastercard to lower credit card transaction fees for small businesses. The agreements also protect reward points offered to Canadian consumers by Canada’s large banks. Small businesses pay fees to process credit card transactions, with the largest component being the interchange fee paid to credit card–issuing …

Government announces lower credit card transaction fees for small businesses

eAwazLocal News

Brampton – The Government of Canada today announced it is delivering on the Budget 2023 commitment to lower credit card transaction fees for small businesses by finalizing new agreements with Visa and Mastercard, while also protecting reward points for Canadian consumers offered by Canada’s large banks. Small businesses pay fees to process credit card transactions, with the largest component being …