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Fee Change Summary
TD Merchant Solutions (TDMS) is committed to keeping you informed of changes that may affect the fees and rates you pay on your Merchant Account.
To help you better understand these changes, select the applicable tabs below for the full details of what's changing, as well as the effective dates of the changes. These changes will appear on the first TDMS statement you receive after the effective date.
You may also view previously communicated and implemented changes by selecting each of the links below.
Interac |
Mastercard |
Visa |
TD Merchant
|
|---|
Expand April 1, 2024 Rate Changes
Interac Direct Payment (IDP) Assessment Fee
Effective April 1, 2024, Interac is decreasing its Assessment Fee by $0.0017 for all Interac transactions. If applicable, the decrease will appear in the INTERAC DIRECT PAYMENT (IDP) ASSESSMENT FEE line on your April statement (delivered in May 2024).
Expand November 1, 2023 Rate Changes
Change to Flash Contactless Tier 1 Program
Effective November 1, 2023, Interac will include Merchant Category Code (MCC) 4784 (Toll Roads/Bridges) under the Flash Contactless Tier 1 program of $0.02 per debit contactless transactions. If applicable, these changes will appear on your November 2023 statement (delivered in December 2023).
Expand April 1, 2023 Rate Changes
Change to the Interac Assessment Fee
Effective April 1, 2023, Interac is increasing its Assessment Fee by $0.0039 for all Interac transactions. If applicable, the increase will appear in the INTERAC DIRECT PAYMENT (IDP) ASSESSMENT FEE line on your April statement (to be delivered in May 2023).
Expand July 2024 Rate Changes
Mastercard Enterprise Solution Wholesale Travel Program NEW Product Codes and Interchange Rates
Effective July 1, 2024, Mastercard is introducing NEW product codes and interchange rates for the Mastercard Enterprise Solution Wholesale Travel program. If applicable, these changes will appear on your July 2024 statement (delivered in August 2024). The following table outlines the new product codes and interchange rates. For more information on this interchange program type (e.g., B2B Product 18, etc.), please visit mastercard.ca.
| Interchange Program Type | Rate | |
|---|---|---|
| B2B Product 18 | 1.45% | |
| B2B Product 19 | 1.35% | |
Expand October / November 2023 Rate Changes
Mastercard Enterprise Solution Wholesale Travel Program
Effective October 11, 2023, Mastercard is introducing NEW product codes and interchange rates for the Mastercard Enterprise Solution Wholesale Travel program. If applicable, these changes will appear on your October 2023 statement (delivered in November 2023). The following table outlines the new codes and interchange rates. For more information on this interchange program type (e.g., B2B Product 7, etc.), please visit mastercard.ca.
| Interchange Program Type | Rate | |
|---|---|---|
| B2B Product 7 | 2.00% | |
| B2B Product 8 | 1.90% | |
| B2B Product 9 | 1.80% | |
| B2B Product 10 | 1.70% | |
| B2B Product 11 | 1.60% | |
| B2B Product 12 | 1.50% | |
| B2B Product 13 | 1.40% | |
| B2B Product 14 | 1.30% | |
| B2B Product 15 | 1.20% | |
| B2B Product 16 | 1.10% | |
| B2B Product 17 | 1.00% | |
Mastercard Card-Not-Present (CNP) Decline Fee
Effective November 1, 2023, Mastercard is updating the MASTERCARD CNP DECLINE FEE such that transactions which are declined for insufficient funds will incur a fee of $0.03 per transaction. If applicable, these changes will appear on your November 2023 statement (delivered in December 2023).
Expand March 2023 Rate Changes
NEW Mastercard Digital Enablement Fee
Effective March 13, 2023, Mastercard is introducing a new Mastercard Digital Enablement Fee of 0.02% for all Card Not Present transactions (such as Manual Keyed Entry transactions and eCommerce transactions). This new Fee will be subject to a minimum of $0.028 to a maximum of $0.28 per transaction. If applicable, the Fee(s) will appear in the MASTERCARD DIGITAL ENABLE FEE line on your March statement (to be delivered in April 2023). For details see the following chart:
| Fee Name | Threshold Amount | Fee | ||
|---|---|---|---|---|
| MASTERCARD DIGITAL ENABLE FEE T1 | <$140 | $0.028 | ||
| MASTERCARD DIGITAL ENABLE FEE T2 | $140 - $1,400 | 0.02% | ||
| MASTERCARD DIGITAL ENABLE FEE T3 | > $1,400 | $0.28 | ||
Discontinued Fees:
Effective March 13, 2023, Mastercard will be discontinuing certain fees. If applicable to your Account, the Fees have been listed on your statement as:- MASTERCARD ADDRESS VERIFICATION FEE
- MASTERCARD CVC VERIFICATION FEE
- ABU ENROLLMENT FEE
- ACCOUNT INFORMATION UPDATE FEE
- MASTERCARD EMV3DS FEE PERCENT
- MASTERCARD EMV3DS FEE CAPPED
- MASTERCARD DIGITAL COMMERCE DEVELOPMENT FEE
If applicable, these Fees will no longer be charged as of your March statement (to be delivered in April 2023).
Expand May 2023 Rate Changes
Change to Mastercard Canada Intracountry Consumer Credit Contactless Interchange rate
Effective May 6, 2023, Mastercard is increasing their Canada Intracountry Consumer Credit Contactless interchange rates. This change will apply to all contactless transactions on domestic issued consumer credit cards: Core, World, World Elite & Muse. For details see the following chart:
| Mastercard Consumer Interchange Program | Current Rate | New Rate | Increase |
| Core | 0.87% | 0.92% | ↑0.05% |
| World | 1.16% | 1.22% | ↑0.06% |
| World Elite | 1.48% | 1.56% | ↑0.08% |
| Muse | 1.57% | 1.65% | ↑0.08% |
If applicable, these changes will appear on your May statement (to be delivered in June 2023).