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Joined 3 years ago
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Cake day: June 9th, 2023

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  • There are actually laws in some places in Canada against providing different pricing based on payment method

    I don’t think there’s any laws against this. What I found specifically says:

    Under the Code of Conduct for the Payment Card Industry in Canada, you may choose to offer discounts for different payment methods and between different payment card networks.

    I know that historically, Visa and Mastercard have prohibited merchants from charging fees for using a credit card, but couldn’t do anything about offering discounts if they didn’t use a credit card. I believe they removed that from their merchant agreements a while ago, because it was mostly performative, and I don’t think they enforced it very well.



  • The other thing is just that people love credit card rewards.

    Obviously, the rewards come out of the cut that the CC processors take from the merchants, so it’s not really free, but at this point, if you use debit instead of credit, you’re just paying more for no reason. It will take a big momentum shift of stores refusing to accept credit cards before debit takes over in Canada. Even now, I’ve seen stores who charge 50 cents to use any type of card under a minimum value, whether it’s debit or credit. While that encourages cash for small purchases, it does nothing to encourage debit, which would be significantly cheaper for merchants.