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BUSINESS GROUPS WANT GOVERNMENT ACTION ON CREDIT-CARD SWIPE FEES

Posted by: Regina Chamber Admin - November 2, 2022

A number of business groups are reportedly calling for government action on credit-card swipe fees which has become a hot button issue across Canada.

Businesses are finding it difficult to absorb the costs as credit care use rises. In the past two years, the federal government stated it would work with the financial industry to lower transaction costs for merchants and bring the fees that small business pay more in line with big businesses, which have more negotiating power with card issuers.

The Globe & Mail published a detailed feature on the subject today. To read the story, click HERE.

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