PCM E-Commerce -

CANADIAN RETAILER GROUP FIGHTS FOR LOWER CREDIT CARD FEES

A group of Canadian retailers are pushing for lower credit card fees from major payment networks amid a long-standing battle over what they claim are inflated rates. The two largest credit card companies, Visa Canada and Mastercard Canada, charge businesses an average of 1.5 percent of their transactions with some interchange fees ranging to 2.5 [...]

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