Credit Card Fees for Small Businesses Dipping Lower as Deal Set to Take Effect

Credit Card Fees for Small Businesses Dipping Lower as Deal Set to Take Effect
A Visa card is displayed in a wallet, in Portland, Ore, on May 15, 2024. The Canadian Press/AP, Jenny Kane
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Credit card fees for small and medium-sized businesses are starting to dip lower as a deal reached between the federal government and the two major card companies is set to take effect.

Mastercard and Visa are reducing interchange fees by up to 27 percent in a move that Ottawa says will save businesses about $1 billion over five years.