Rate history: no increase for Canadian merchants, 2019 to 2026
RapidCents has not increased rates for any of its Canadian merchants in any year from 2019 to 2026. Its rates are reviewed each January, and the outcome is announced at the start of the year it applies to. Interchange and card network fees are set by the card networks and pass through at cost.
The January announcements, 2026 back to 2019
Newest first. Each announcement was made in January, at the end of the annual rate review, and applies to the whole year.
January 2026: no rate increase in 2026
The January 2026 review is complete, and RapidCents will not raise its rates for any Canadian merchant this year. The rates on your account in January are the RapidCents rates you pay for the rest of 2026. To date, no Canadian merchant has had a RapidCents rate increase in 2026.
January 2025: rates held for 2025
After the January review, RapidCents announced that it would hold its rates for every Canadian merchant through 2025. The commitment held for the whole year: RapidCents did not increase rates for any Canadian merchant in 2025.
January 2024: no rate increase in 2024
For 2024, the January review again ended without a rate increase. Every Canadian merchant kept the RapidCents rates they already had, whether they had processed with RapidCents for years or had joined a few weeks earlier. RapidCents did not increase rates for any Canadian merchant in 2024.
January 2023: rates unchanged for 2023
The January 2023 review left rates where they were, and the announcement made at the start of the year stood through December. RapidCents did not increase rates for any Canadian merchant in 2023.
January 2022: no rate increase in 2022
In a year when inflation in Canada reached its highest level in decades, RapidCents announced in January that it would not raise its rates, and it kept to that announcement. RapidCents did not increase rates for any Canadian merchant in 2022.
January 2021: rates held for 2021
As Canadian businesses entered a second year of pandemic restrictions, RapidCents confirmed in January that its rates would stay the same for the year. RapidCents did not increase rates for any Canadian merchant in 2021.
January 2020: no rate increase in 2020
The January 2020 review set rates for a year nobody could have planned for. The decision not to raise them was made before the pandemic reached Canada, and it stood throughout: RapidCents did not increase rates for any Canadian merchant in 2020.
January 2019: no rate increase in 2019
The first announcement on this page. In January 2019, RapidCents committed to keeping its rates unchanged for every Canadian merchant for the year. RapidCents did not increase rates for any Canadian merchant in 2019.
Questions about the rate history
Which rates does the January review cover?
The rates RapidCents sets itself. Interchange and card network fees are set by the card networks, not at this review. Today every RapidCents merchant is priced on interchange-plus, so those fees pass through at cost, and the interchange updates page records how they change month by month.
Which merchants do these announcements apply to?
Every Canadian merchant processing with RapidCents during the year in question, however long they had been a customer.
When will the next announcement be published?
In January, at the end of the next annual rate review. It will be added at the top of this page.
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