In Canada the debit fee is fixed (I think its around 0.10 to 0.40CAD) per transaction, no percentage. That's why you see a lot of places that only accept cash or debit (and not credit cards).
I would be happy as a small SaaS owner and consumer to see those percentage fees disapear. I never have more than 1% cash back on the 3% that CC take.
Square moved to charging a percentage on Canadian debit swipes last month:
> Square’s processing fees are 2.65% per card present transaction, 2.9% + 30 cents per paid Square Invoice and Square Online sale, 3.4% + 15 cents per manually entered transaction and INTERAC debit cards are processed at 0.75% + $0.07 per tap or insert
Unsure if this is pushing new Interac costs to buyers or a profit grab. It was just 10 cents flat per swipe, so anything over $4 and you’re worse off.
I would be happy as a small SaaS owner and consumer to see those percentage fees disapear. I never have more than 1% cash back on the 3% that CC take.