Merchant Services


Alberta has a high concentration of entrepreneurs compared to the rest of Canada, and many of those business builders are right here in the Lakeland.

Lakeland Credit Union has been part of the Lakeland for nearly 80 years as an independently owned business, and we’re familiar with the ups, downs, and obstacles many local businesses work through. That’s why we’re well positioned to offer tailored advice, products, and services to help you and your business thrive.

Features

  • Local expertise with reliable service
  • Preferred pricing and special offers
  • Full disclosure on all merchant fees as per our Merchant Code of Conduct

Preferred Pricing

Merchant Services Management
Account Service Package: $5.00 per month


Merchant Services Set Up
One-time fee: $50


Point-of-Sale Solutions
  • ICT250 (standalone terminal): $30.00 per month
  • IWL220 (short-range wireless): $43.00 per month
  • IWL255 (long-range wireless): $57.00 per month

Debit and Credit Processing

  • Interac transactions: $0.04 per transaction
  • Card Brand Fee: $0.006 per transaction
  • Visa Qualified Merchant Discount Rate¹ = 1.45%
  • Visa Non-Qualified Fee = 0.15%
  • Visa Card Brand Fee = 0.08%
  • MasterCard Qualified Merchant Discount Rate¹ = 1.45%
  • MasterCard Non-Qualified Fee = 0.15%
  • MasterCard Card Brand Fee = 0.077%
  • Credit transactions less than $20: $0.00 per transaction

Business Chequing Accounts

  • The Basics is a great choice for businesses that make only a few transactions a month.
  • The Connect account is designed with the tech-savvy business owner in mind.
  • The Optimizer is a flexible account offering several tiers to meet your level of activity.
All accounts offer unlimited FREE deposits

Additional Offerings for Your Business

  • Business MasterCard®
  • Overdraft protection
  • Automated Funds Transfer Services
  • Interac e-Transfers®
  • Safe deposit boxes
  • International ATM network

Plus

  • Profit sharing with your locally owned financial institution
  • Small Business online features including:
             – Free cheque image return and detailed statements online
             – Pay and file your business taxes online
             – Easily move money between personal and business accounts
             – Authorize users to view or initiate transactions
             – Automate dual signature approvals
  • Coin counter machine in branch

For more information about this offer—or our other business banking solutions — call us in Bonnyville 780.826.3377 or Cold Lake 780.594.4011
 

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