The Bloc Québécois member for Lac-Saint-Jean, Alexis Brunelle-Duceppe, would like to see the fees imposed on merchants by credit card companies reduced. He tabled a bill to this effect Monday in the House of Commons.
For the federal deputy, elected last October, it was a first deposit. During the election campaign, Alexis Brunelle-Duceppe pledged to act on behalf of small businesses that have to pay interchange fees when their customers pay with a credit card.
«Large companies like Visa and Mastercard and banks determine among themselves the fees for credit cards in Canada. Worse, 90% of transactions pass through their hands! This monopolistic approach, it is the small traders here who pay the price“, Argued Alexis Brunelle-Duceppe, by way of press release.
The one who sits on the Standing Committee on Finance adds that the COVID-19 pandemic has made life difficult for SMEs which are “more than ever dependent on credit payments and [qui] can’t afford to negotiate with banks and big companies. ”
If passed, the bill would regulate these costs.
According to the member for the Bloc Québécois, better regulation would promote balance in “the monopoly relationship that large companies and banks maintain with SMEs in Quebec and the regions”.
The young deputy had undertaken to introduce a bill during the first year of his mandate.
Video: “I contribute – COVID-19” initiative: the involvement of volunteers continues (Radio-Canada.ca)