I am very proud to announce an agreement directly with Mastercard to allow CFIB members to benefit from special rates previously reserved for individual merchants with over $3 billion in transactions. This goes into effect starting April 3rd, 2017. This deal represents a 12.5% savings from Mastercard’s base “electronic” rate, and as much as 22% savings on some premium cards. The result will be millions in collective savings exclusively for CFIB members, helping your bottom line.
If you are a CFIB member already on our plan with Chase Paymentech, the rate reduction will be automatic. If not, click on our CFIB Mastercard page to learn more, including how to access this important new benefit. Also, please let your fellow small and medium-sized business owners know that they can get these great rates too if they become a member of CFIB. They can inquire about membership at cfib.ca/join or, if they have been in business for two years or less, they can check out CFIB’s My Startup program for new businesses.
After years of member action, research and media attention on the high cost of credit card fees, CFIB members have achieved many important victories. But we’ve never stopped in our advocacy for additional reductions. This is another great example of what can happen when thousands of independent business owners stand together.
Dan Kelly, CFIB President