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Yeeld Launches Surcharging Features in Canada

Yeeld, a prominent player in modern payment systems, has just announced a significant enhancement in its service offerings by introducing compliant surcharging in Canada. This move comes as an exciting development for both domestic businesses and those engaged in cross-border transactions, allowing them to recover credit card processing fees effectively.

According to Mira Boora, Yeeld's Chief Operating Officer, the implementation is designed to tackle one of the biggest hurdles faced by merchants operating in the Canadian market: the escalating costs associated with credit card acceptance. With an automatic compliance framework across different provinces and card networks, merchants can now focus on their core business operations without the added complexity of managing surcharging rules.

Key Features of Yeeld's Surcharging Initiative

Yeeld's launch includes crucial features that will make surcharging not only feasible but also straightforward for merchants:

1. Automated Compliance Management: Yeeld automatically enforces regulations, including credit-only policies and caps on surcharges, ensuring that businesses can navigate complex rules without additional operational burdens.
- Credit-only transactions: No surcharging on debit or prepaid cards.
- Surcharge limits: A maximum surcharge of 2.4% or the actual processing cost, whichever is lower.

2. Dynamic Surcharge Calculations: The system calculates surcharges in real time, tailored to various card types and specific provincial regulations. This means merchants can always ensure compliance and transparency.

3. Broad Compatibility: Surcharging capabilities are integrated into both YeeldPay, a hosted checkout option, and the Yeeld Surcharging API, suitable for custom integrations, thus broadening the accessibility for merchants.

4. Support for Cross-Border Payments: It also facilitates Canadian and U.S. businesses handling transactions from Canadian consumers, further simplifying international commerce.

5. Streamlined Integration: Yeeld ensures its solutions work smoothly with multiple payment processors for effective onboarding, processing, and detailed reporting.

6. Real-time Rule Updates: The platform includes a rule engine that automatically reflects updates from major card networks such as Visa, Mastercard, and American Express, significantly reducing the risk of legal issues for merchants.

Understanding Canadian Surcharging Regulations

Businesses in Canada must adhere to specific surcharging guidelines, which Yeeld has taken into account:

• - Only credit transactions are eligible for surcharging.
• - Surcharges must not exceed 2.4% unless that rises above actual processing costs, in which case the latter must be used.
• - Businesses need to disclose the surcharge amount at each stage of a transaction, including entry, checkout, and on receipts.
• - If a refund is processed, the surcharge must be included in the refund amount.
• - Lastly, compliance with provincial interpretations of Visa, Mastercard, and Amex is mandatory to avoid potential legal complications.

Launch Date

As of October 22, 2025, Yeeld's surcharging capabilities are available for all merchants in Canada through its platforms. This marks a crucial milestone for facilitating smoother payment processes in an increasingly digital marketplace.

About Yeeld

Yeeld is committed to simplifying payment integrations and strives to deliver innovative solutions that enhance financial operations for businesses of all sizes. With this latest offering, they aim to empower merchants with the tools necessary to maximize their financial efficiency. For more details, visit www.theyeeld.com.

For press inquiries, feel free to contact:
Mira Boora, Chief Operating Officer
Yeeld
Phone: 708-480-2289
Email: [email protected]

The launch of Yeeld's compliant surcharging in Canada is poised to not only ease the burden on merchants but revolutionize how payment processing fees are handled in the region.