Here you'll find all the information you need to understand the Interchange Plus pricing model
WHAT IS INTERCHANGE ?
For every transaction you make, Desjardins pays what is called an interchange fee to the cardholder’s financial institution. Interchange is set by the payment networks (Visa, Mastercard, Interac, etc.) and varies according to a number of factors, such as:
- Card type (basic, prestige, corporate, etc.)
- Transaction type (chip, tap, swipe, etc.)
- Merchant type (restaurant, grocery store, etc.)
Desjardins passes along this fee to you at cost, with no markup. You will benefit from a full view of Payment Network’s Interchange updates each time they occur, this includes reductions and special program.
LIST OF PROGRAMS AND RATES IN EFFECT :
Current Interchange fees [PDF]
LIST OF PROGRAMS AND RATES SCHEDULED FOR AUGUST 1, 2021:
Interchange fees scheduled for August 1, 2021 [PDF]
LIST OF PROGRAMS AND RATES SCHEDULED FOR OCTOBER 15, 2021:
Interchange fees scheduled for October 15, 2021 [PDF]
See the payment networks websites