Contention between major industry heads can result in friction that affects businesses that make use of point of sale credit card processing systems. Attentive U.S. merchants may be following the ongoing attempts by Canadian businesses to fight fees levied by major credit card providers.
According to CBC, an official tribunal was convened to assess the case and decided the policy toward card processing fees will stay the same, reasoning that the party disputing the practice of these charges, Canada's Competition Bureau, did not have strong legal grounds on which to do so.
While retailers and merchants object to the rules that allow for these fees, the Tribunal acknowledged that the regulations should be the target even though it didn't support this particular case. On this point, the Retail Council of Canada stood in agreement, making a statement in support.
"Although disappointed the Tribunal failed to strike down the restrictive and anti-competitive rules RCC agrees the problem is best addressed by regulation," the CBC quoted the Council as saying.
One of the complaints involves the lack of a fixed fee, as some card transactions can carry with them fees as high as 3 percent in most situations, according to Reuters.
Establishing the means by which to enact efficient and fair card payments can be a complicated series of events. No matter what a merchant's opinion of fees, locating and using point of sale credit card payment processors that are technically top-notch can cut down on some of the worry and hold-ups that might make this kind of installation less of a conflict.