Credit Card Fees

Canadian retailers pay some of the highest credit card fees in the world. In fact, in 2011, c-stores paid over $36,000 in credit card fees, representing an average transaction fee rate of 2.45 per cent. In a typical transaction, credit card fees can represent over a quarter of a c-store’s gross profit.

Consumer trends show that credit card use is on the rise. The CCSA’s State of the industry (SoI) report research indicates that 58.3 per cent of fuel sales and 17.4 per cent of food and beverage sales are paid using credit or charge cards. As more consumers use credit cards to pay for their goods and services, c-retailers are seeing less profit.

The CCSA has made addressing the issue of excessive credit card fees a key priority - working with both governments and payment providers.
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