Lower processing fees for Canadian businesses
If your processor has raised fees, the Code of Conduct gives you 70 days to leave without penalty. Most Canadian merchants never hear about that window until it closes.
Send a recent processing statement. PFAdvance measures your effective rate, separates interchange and card-brand cost from processor markup, and sends back a written analysis. Free, Canadian owned, and there is no obligation to switch.
Upload your statement for a free savings analysis
Your rights under the Code of Conduct
The revised Code of Conduct for the Credit and Debit Card Industry gives Canadian merchants leverage that most never use. These are your rights, whoever you process with.
- Since October 2024, Visa and Mastercard reduced domestic consumer credit interchange for eligible small merchants to a weighted average of about 0.95 percent in store. Eligibility runs to roughly $300,000 in annual Visa sales and $175,000 in annual Mastercard sales.
- The revised Code of Conduct for the Credit and Debit Card Industry took effect October 30, 2024, with the remainder on April 30, 2025.
- Under the Code, a processor must give 30 to 60 days notice before a fee increase, and the merchant can cancel without penalty within 70 days of that increase taking effect.
- Complaint handling dropped from 100 business days to 20.
If you have had a fee increase notice in the last couple of months, you may be inside the 70 day window right now. That is worth checking before anything else.
Where repricing still helps
The October 2024 interchange reduction helped smaller merchants, and if you are under the eligibility thresholds you may already be close to the floor. Above them, nothing changed automatically, and processor markup is still whatever was signed years ago. Canadian merchants from roughly $50,000 per month in card volume usually have the most left to recover.
Who this works for
- Healthcare and dental practices, optometry, physiotherapy, veterinary clinics
- Contractors in HVAC, plumbing, electrical, and landscaping
- Restaurants and hospitality
- Auto repair and retail
- Any Canadian business above roughly $50,000 per month in card volume
Who handles the processing
PFAdvance is not a bank and not a processor. It places qualified merchants on a wholesale-style program through a payments partner, then handles the application, underwriting, and terminal or gateway deployment. The relationship stays direct with PFAdvance.
Get started
Send your most recent processing statement. PFAdvance compares it to Canadian wholesale benchmarks and delivers a written analysis, typically within 48 hours. No obligation, no long-term contract.
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