Both Visa Canada and MasterCard Visa are going to be raising the credit card transaction fees they charge merchants soon - and that's on top of the heftier fees they already charge on 'premium' credit cards.
And just to add injury to injury, Visa Canada has also announced that they're going to release an 'uber-premium' credit card. While there's no word yet on what that card's transaction fees will be, you can bet they'll be 'uber' too.
Don't you wish you could just refuse to process those premium cards or at least be able to surcharge customers when you take one?
Well that might happen. Read Credit Card Transaction Fees Rising for Canadian Small Business - Again to learn more about rising credit card fees and what the Competition Bureau and several business groups are trying to do about it.
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