Chase Paymentech understands the total cost of payment acceptance can often times influence your daily business activity. As part of our commitment to advocate on behalf of our merchants, Chase Paymentech played an active role in both the implementation and adoption phase of the Code of Conduct – the ultimate goal being to increase transparency and disclosure when it comes to the cost of accepting payments. This includes:
- Ensuring merchants are fully aware of the costs associated with accepting credit and debit card payments – thereby allowing merchants to reasonably forecast their monthly costs related to accepting such payments.
- Providing merchants with increased pricing flexibility to encourage consumers to choose the lowest-cost payment option.
- Allowing merchants to freely choose which payment options they accept.
Chase Paymentech is committed to the Code of Conduct and continues to advocate on behalf of merchants everywhere.
A more detailed description of the Code can be found here: http://www.fin.gc.ca/n10/data/10-049_1-eng.asp