Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/227816 
Year of Publication: 
2020
Series/Report no.: 
Bank of Canada Staff Discussion Paper No. 2020-5
Publisher: 
Bank of Canada, Ottawa
Abstract: 
This note uses industry data and a unique dataset of small and medium-sized merchants to provide insights into the acquirer-merchant market in Canada. Three main findings are presented. First, smaller merchants pay their acquirer more for every dollar of card payment than larger merchants. Second, this finding is mainly explained by high fixed costs. Third, the acquiring market in Canada is concentrated and has remained fairly stable since 2010.
Subjects: 
Financial services
Market structure and pricing
Payment clearing and settlement systems
JEL: 
C
C2
D
D2
E
E4
E42
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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