Fee Change Summary

Effective November 1, 2025, Mastercard is removing the Digital Enable Fee’s maximum charge of $0.28 for transactions of more than $1,400 and replacing it with a charge of 0.0226% (2.26 basis points).

If applicable, this change will appear on your November 2025 statement arriving in December 2025.

Note: PCNO = Payment Card Network Operator.

Reminder: You may cancel your agreement within 70 days after the date on which a new or increased (i) domestic PCNO Core Fee, or (ii) TDMS Fee, that applies to you takes effect. If your agreement does not have a fixed term, then you may cancel at any time without penalty.

**Per Your TD Merchant Solutions Monthly Statement

Name Change for Mastercard Muse Product

Effective October 17, 2025, Mastercard is changing the name of the Mastercard Muse product to Mastercard World Legend.

If applicable, this change will appear on your October 2025 statement arriving in November 2025. 

Effective October 16, 2025, Mastercard is increasing their Interregional Consumer Base Interchange rates by 0.05% (5 basis points). This change will apply to both Mastercard Credit and Debit Mastercard card transactions including Consumer, Premium and Super Premium.

If applicable, these changes will appear on your October 2025 statement arriving in November 2025. Refer to the table below. Note: PCNO = Payment Card Network Operator.

Reminder: You may cancel your agreement within 70 days after the date on which a new or increased (i) domestic PCNO Core Fee, or (ii) TDMS Fee, that applies to you takes effect. If your agreement does not have a fixed term, then you may cancel at any time without penalty.

Effective October 16, 2025, Mastercard is introducing NEW product codes and interchange rates for the Mastercard Wholesale Travel (B2B Commercial) program. If applicable, these changes will appear on your October 2025 statement arriving in November 2025. 

The following table outlines the new product codes and interchange rates. For more information on this interchange program (e.g., B2B Product 20, etc.), please visit mastercard.ca. Note: PCNO = Payment Card Network Operator. 

**Per Your TD Merchant Solutions Monthly Statement 

Reminder: You may cancel your agreement within 70 days after the date on which a new or increased (i) PCNO Core Fee, or (ii) TDMS Fee, that applies to you takes effect. If your agreement does not have a fixed term, then you may cancel at any time without penalty. 

Effective October 13, 2025, Mastercard is introducing a NEW Mastercard USD Fee, which will be applied to all Mastercard credit and debit transactions settled in a currency (for example, USD) other than the merchant's local currency (CAD). This fee applies to USD denominated merchant accounts. This fee will appear as “Mastercard USD Fee” on the merchant statement. 

If applicable, these changes will appear on your October 2025 statement arriving in November 2025. Refer to the table below. Note: PCNO = Payment Card Network Operator. 

**Per Your TD Merchant Solutions Monthly Statement 

Reminder: You may cancel your agreement within 70 days after the  date on which a new or increased (i) domestic PCNO Core Fee, or (ii) TDMS Fee, that applies to you takes effect. If your agreement does not have a fixed term, then you may cancel at any time without penalty. 

Effective September 15, 2025, Mastercard is introducing a NEW Mastercard Clearing Fee, which will be applied to all Mastercard credit and debit transactions. The new Mastercard Clearing Fee is based on the transaction amount. Mastercard Clearing Fee 1 will be applied to transactions $35 and under, and Mastercard Clearing Fee 2 will be applied to transactions over $35. This fee will appear as Mastercard Clearing Fee on the merchant statement.

If applicable, these changes will appear on your September 2025 statement arriving in October 2025. Refer to the table below.

Note: PCNO = Payment Card Network Operator.

Reminder: You may cancel your agreement within 70 days after the date on which a new or increased (i) domestic PCNO Core Fee, or (ii) TDMS  Fee, that applies to you takes effect. If your agreement does not have a fixed term, then you may cancel at any time without penalty.

Reminder: On November 1, 2024, a new Mastercard Small Business interchange program came into effect. Merchants who qualify for the Mastercard Small Business program process less than $175,000 in annual Mastercard transaction volume.

As we advised, Mastercard regularly reviews the Small Business interchange program to determine the merchants that are eligible for the rates.

Effective May 1, 2025, merchants who process more than $175,000 in annual Mastercard transaction volume and therefore do not or no longer qualify for the Mastercard Small Business Program will see their Mastercard Credit Rate or the applicable Mastercard Interchange Rate adjusted to reflect the regular interchange rates for their type and size of business.

Merchants whose annual processing volumes are now less than $175,000 in annual Mastercard transaction volume, based on the qualification period from October 1 to September 30, will qualify for the Mastercard Small Business Interchange programs and will see the applicable interchange rates take effect on May 1, 2025, as described above.

Merchants who process greater than $175,000 in Mastercard transaction volumes annually qualify for the Canada Intracountry Consumer Credit Rate, which are posted at https://www.td.com/ca/en/business-banking/merchant-solutions/interchange-rates.

Effective July 1, 2025, Mastercard is increasing its Assessment Fee for all Mastercard transactions. If applicable, the increase will appear on the MASTERCARD ASSESSMENT FEE line on your July 2025 statement (delivered in August 2025) onwards.

Note: Payment Card Network Operator (PCNO). 

Effective April 14, 2025, Mastercard is introducing a NEW Mastercard Flex Assessment Fee of 0.113%, which will be applied to all Mastercard Flex Credit transactions under the new Mastercard Flex Program. The Mastercard Flex Program applies to the non-travel B2B (business-to-business) transactions on B2B platforms. This fee will appear as Mastercard Flex Assessment Fee on the merchant statement.

If applicable, these changes will appear on your April 2025 statement arriving in May 2025.

Effective April 14, 2025, Mastercard's B2B Assessment Fee of 0.678% will be applied to all Mastercard transactions under the Global Wholesale (B2B Travel) Program. This fee will appear as Mastercard B2B Assessment Fee on the merchant statement.

If applicable, these changes will appear on your April 2025 statement arriving in May 2025. 

Starting October 17, 2024, Mastercard is introducing the Canada Intracountry Consumer Credit Small Business Program interchange rates. This change will apply to all transactions on domestic issued consumer credit cards: Core, World, World Elite & Muse. Merchants who process under $175,000 in Mastercard transaction volumes annually will qualify for the Small Business Canada Intracountry Consumer Credit Rate Program.
Qualification is reviewed annually by Mastercard. Merchants who process greater than $175,000 in Mastercard transaction volumes annually will qualify for the Canada Intracountry Consumer Credit Rate, which are posted at https://www.td.com/ca/en/business-banking/merchant-solutions/interchange-rates.
For details on the Qualifying Small Business Interchange rates please see the following chart:

Effective October 16, 2025, Visa is reducing the domestic Small Merchant Electronic Fee Program interchange rate in Canada for its core consumer credit products (Visa Classic, Visa Gold, Visa Platinum). Merchants with Interchange Plus (iPlus) pricing who process less than $300,000 annually will see an interchange decrease in core consumer credit products. If applicable, these changes will appear on your October 2025 statement arriving in November 2025.

Merchants with other (DRAF) pricing who qualify under the domestic Small Merchant Electronic Fee Program will see the applicable Visa Interchange Rate decrease effective November 1, 2025.Some merchants with DRAF pricing structures will see the Visa Credit Rate increase due to the TDMS pricing changes taking effect in November 1, 2025. To see what increases may apply to your Account, kindly review the bottom of your August 2025 statement (arriving in September 2025). If applicable, these changes will appear on your November 2025 statement (arriving in December 2025).

Merchants with Flat and Simplified pricing structures are not impacted by this fee change.

**Per Your TD Merchant Solutions Monthly Statement

Note: PCNO = Payment Card Network Operator and QSB = Qualified Small Business

 Reminder: You may cancel your agreement within 70 days after the date on which a new or increased (i) domestic PCNO Core Fee, or (ii) TDMS Fee, that applies to you takes effect. If your agreement does not have a fixed term, then you may cancel at any time without penalty.

Effective October 1, 2025, Visa will increase the acquiring fee for domestic transactions on the Visa Commercial Choice Travel product. If applicable, these changes will appear on your October 2025 statement arriving in November 2025. Refer to the table below. 

Note: PCNO = Payment Card Network Operator.

Reminder: You may cancel your agreement within 70 days after the date on which a new or increased (i) PCNO Core Fee, or TDMS Fee, that applies to you takes effect. If your agreement does not have a fixed term, then you may cancel at any time without penalty.