Moneris offers lower transaction rates for ARA members

Moneris Solutions Corporation (Moneris) has amended the agreement with the Automotive Retailers Association (ARA) to offer the ARA’s members lower transaction rates as part of Interchange Plus Pricing and reductions to select fees.

Effective February 3, 2020, Moneris will apply the lower transaction rates and the fee reductions to your account where applicable, and you will be able to review the changes in your February statement. You are not required to take any action to receive the lower transaction rates and the fee reductions.

Details of Interchange Plus rate reductions are as follows:

Details of other fee reductions are as follows:

Please note except the rates and fees identified here, all other Moneris fees, terms and conditions of your Moneris agreements for the products, services, and solutions you use will continue to apply.

As a reminder, with the Interchange Plus pricing program, you pay Moneris a fixed transaction fee and are responsible for any interchange/wholesale discount, assessment/service/program participation fees, along with other fees applied by the card brands to the transaction. If the card brands change their fee structure or increase, decrease, add or remove a particular fee, these fee changes will continue to be passed through directly to your account. For more information about Interchange rates, please visit Moneris.com/Interchange.