The Government of Canada Lowers Small Business Credit Card Fees

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The Government of Canada released its 2023 budget a short while ago, and part of the document committed to providing relief for small businesses by helping them save on credit card transaction fees.
On May 18, 2023, the government announced the formal agreement it has managed to draft with Visa and Mastercard to lower the aforementioned interchange fees, while also specifically vowing to protect Canadians’ credit card rewards such as Miles & Points.

This was published by Prince of Travel by Kirin Tsang, to read the complete post please visit https://princeoftravel.com/insights/canada-lowers-small-business-credit-card-fees/.