If you pay a 1.4-per-cent fee on credit card transactions, you cancel out the value of that average reward. Some cards offer higher reward rates that will exceed surcharges, Mr. Sojka noted.

Still, credit-card fees have led to disputes between card companies and retailers. In 2016, Wal-Mart Canada stopped accepting Visa cards at stores in Thunder Bay and Manitoba for several months.

Pending credit card transactions are somewhat of a gray area — they can appear on your statement and temporarily reduce your available credit, but they’re not added to the balance.

📢Starting Oct. 19, Canadian #smallbiz will save up to 27% on credit card fees. That means more money for businesses like Farmhouse Artisan Cheese in #Oakville to increase their growth and ...

A surcharge is a fee that a merchant may add to a transaction when you pay by credit or debit card. This fee is usually a percentage of the transaction amount and is capped at 2.4% in Canada.

Canada will reduce credit card transaction fees for small businesses by up to 27% starting on Oct 19, Finance Minister Chrystia Freeland said in a statement on Tuesday. The cut could save eligible ...

What is the CCCA trying to accomplish? To accept your credit card, merchants need to pay card transaction processing fees, or swipe fees, which cut down on the money they receive from a sale. For ...