We Did It! Federal Government Lowering Credit Card Transaction Fees for Small Businessest

The federal government has announced in their Fall Economic Statement that they will enter into negotiations with the credit card industry, and with businesses, to find a way to lower transaction costs for businesses. If this does not lead to a negotiated outcome, government has been clear that they will move forward with regulating credit transaction fees in the new year.

This announcement is a win for ORHMA and our members. A big thank you to our members who participated in our Call to Action and submitted a letter to their MP's to ask for credit card rate reductions. See ORHMA's Advocacy History for more info.