Merchant Fees

Merchant Fees 2017-11-24T17:53:55+00:00

Know What Fees You Will Pay

Canmor Keeps Your Fees To a Minimum

Merchant Account Fees

Canmor Inc. fees are transparent; we do not hide them in fine print or in Terms of Service documents accessible only from a web site. The following is the list of fees you will/may be charged.

Terminal Rental or Monthly Fee

The monthly rental fee you pay for the use of a Retail Terminal. Monthly Fee is what you pay to access the process platform when using Virtual Terminal or SmartPhone devices.

Transaction Fee

The fee you pay for each transaction processed, applies to both credit card and debit card transactions.

Cost Plus Rate

The percentage or margin that is added to the Visa and MasterCard Interchange cost. For more information, click onUnderstanding Cost Plus”.

Visa & MasterCard Card Brand Fee

Card Brand fees are charged by Visa, MasterCard and Discover on every transaction. This fee represents the revenue the card associations earn, used to support the credit card network. This fee or rate is added to the Interchange Fee and is shown in our pricing charts.

Cross Border Fee

Visa and MasterCard charge a fee if a credit card issued from another country is used. The fee assists in the foreign currency exchange handling costs.

Network Fee

Monthly fee to access and maintain the processing network. This fee is typically bundled with other fees. We choose to make this fee transparent.

Equipment Shipping

A one-time fee is charged to cover the cost to ship the equipment to your premises.

Bank Account Change Fee and Business Name Change Fee

Fee charged if you change your bank account or your business name.

NSF Fee

Fee charged if any debit to your business bank account is returned for any reason. Monthly fees are debited to your account on or near the first day of each month, it is your responsibility to maintain sufficient funds in your account to cover the monthly fee. If a debit is returned, a second attempt to debit your account will be made during the month. If the second attempt fails, you will be notified of the overdue account. Any outstanding overdue account risks having the merchant account closed.

Chargeback Fee

In the event one of your customers files a complaint with their Bank, you will be notified of the compliant. You will be given an opportunity to dispute the compliant by providing transaction information. If the compliant is upheld you will be charged a Charge-back Fee per occurrence.

Profile Details

Forgot Password?

Join Us

Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.