|Industry Specific Rates for CDN$ Accounts|
|VISA Everyday Needs*||1.39%3||1.38%4|
|Mastercard Everyday Needs||1.39%3||1.38%4|
|Additional Fees for CDN$ and US$ Accounts|
|Assessment Network Fee||0.1113%||0.1030%|
|Non-Qualified Transaction Processing Fee||0.27%5|
|Interchange Differential||Passed through at cost, as set by VISA and Mastercard|
|Per Transaction Fee (Passed through at cost as set by Interac)||$0.047 + switch fee|
1: Members who wish to obtain payment processing services from Chase® Merchant Services must submit an application. All applications are subject to Chase Merchant Services standard approval policies and procedures, including without limitation credit approval and entering into a Merchant Agreement with Chase Merchant Services. * Certain conditions apply. Proof of membership status with Restaurants Canada (RC) will be required. The fees set out above have been specifically negotiated by RC for RC Members’ benefit. Other fees apply, all of which will be set out in the Merchant Agreement. † All such applications are subject to credit approval and entering into a Merchant Agreement with Chase Merchant Services. 2: This Merchant Discount Rate (“MDR”) applies to Canadian transactions that qualify at the Consumer Electronic Interchange Level (“Qualified Transactions”) as set by Visa and Mastercard. Your eligibility for a particular MDR rate is dependent on the nature of your business as determined by Visa and Mastercard. Contact Chase Merchant Services at: 1.800.265.5158 for additional details. 3: This rate is applicable only to merchants categorized by Visa as “Everyday Needs”, such as merchants categorized as “Eating Places, Restaurants, except Express” and “Fast Food Restaurants”. 4: This rate is applicable only to merchants categorized by Mastercard as “Everyday Spend”, such as merchants categorized as “Eating Places, Restaurants, except Express” and “Fast Food Restaurants. 5Your eligibility for a particular Payment Brand Interchange Program is dependent on the nature of your business as determined by Visa and Mastercard. If you are eligible for a specific Interchange Program, your Target Qualification Level will be set at the particular Interchange Program. The Merchant Discount Rate (“MDR”) applies to transactions that qualify at or below your assigned Target Qualification Level (“Qualified Transactions”). For all other transactions (“Non-Qualified Transactions”), you will be charged the MDR, the Interchange Differential (equal to the difference between the Interchange fee associated with your Target Qualification Level and the Interchange fee for the Interchange level at which the Non-Qualified Transaction was actually processed) and the Non-Qualified Transaction Processing Fee set out above and on your Pricing Schedule.
Interac switch fees and rates are subject to change as set out in the Merchant Agreement. Chase, the Octagon logo, are registered trademarks of JPMorgan Chase Bank, N.A.© 2018 JPMorgan Chase & Co. All rights reserved
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