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Canada to cut credit card transaction fees for small businesses

The cut could save eligible businesses over C$1 billion ($740,000) over five years, she said.

Kkritika Suri profile image
by Kkritika Suri
Canada to cut credit card transaction fees for small businesses

Canada will reduce credit card transaction fees for small businesses by up to 27% starting on Oct 19, Finance Minister Chrystia Freeland said in a statement on Tuesday.

The cut could save eligible businesses over C$1 billion ($740,000) over five years, she said.

($1 = $1.35 Canadian)

Kkritika Suri profile image
by Kkritika Suri

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