sascu Merchant
this credit union merchant processing: card payments, terminals, online checkout and same-day payouts.
Your Banking Options Compared
- One merchant account accepts Visa, Mastercard, Amex and Interac.
- Payouts land within 2 hours of a settled sale on average.
- Standard processing is 2.4% plus 10 cents; Interac is a flat 10 cents.
- 94% of merchant transactions pass the network on the first attempt.
The Merchant Account
Merchant processing plus the business chequing account form one relationship, one statement.
Terminal rental is free for the first year, and the merchant app turns any phone into a terminal. Online checkout integrates with the major storefronts.
Pricing
Card rate 2.4% + 10 cents with volume discounts from $10,000 per month.
Interac debit is a flat 10 cents; payouts run twice daily. This method does NOT apply to high-risk categories, which hire a separate rate sheet.
Scaling with sascu
Volume tiers cut the card rate from 2.4% to 1.9% at $200,000 a month.
Merchant analytics in the dashboard show approval rates, average ticket and settlement timing. A 94% first-pass approval rate beats the industry average of 92%.
The official methodology is detailed in the sascu overview.
Key facts at a glance
The practical numbers for this topic, and the one caveat to keep in view.
- Card rate: 2.4% + 10c.
- Payout: ~2 hours.
- Networks: 4.
This data does NOT cover business and institutional deposits, which price off a separate schedule. Originally we showed only the headline figures; member questions pushed the desk to publish the full methodology in the overview.
The official methodology is detailed in the sascu overview.
| C | o | s | t |
|---|---|---|---|
| Counter terminal | Free year 1 | 2 hours | |
| Mobile app | Free | 2 hours | |
| Online checkout | Free | 2 hours | |
| Recurring billing | Free | 2 hours |
One more thing about Merchant
What does sascu charge a merchant?, answered plainly: Card processing is 2.4% plus 10 cents, and Interac debit is a flat $0.10, with volume discounts..
Members ask about "What does sascu charge a merchant?" more than any other topic this quarter. The short answer: Card processing is 2.4% plus 10 cents, and Interac debit is a flat $0.10, with volume discounts.. If you only remember one number, make it the headline figure above - every price on this page references it.
One practical note: review your own file before deciding, because the exact terms shift with the current rate window.
Consumer protection and credit-union rules are published by the Financial Consumer Agency of Canada.
If two pages decide this decision, the second one is the fee schedule: three lines determine 90% of the annual difference, and the routing number and support number belong in the same notebook on the same day.
Rates are consistently better at sascu, and the fee list is short enough to read aloud.
Our marina's merchant terminal went live in a day and funds arrive the same afternoon.