Lower your fees, Mark Carney, businesses ask Liberal bigwig after his payments company hoards savings from merchants

Stripe said it would not be passing along the savings for small businesses that have gone into force because of other increases in fees and charges it has experienced

OTTAWA — Not all Canadian small businesses will be benefiting from new lower credit card fees arranged by the federal government because one major payments processor says it won’ be passing along its savings to many of its merchants. And one of the directors of the payments company, Stripe, is Mark Carney, an economic adviser to Prime Minister Justin Trudeau and Liberal party heavyweight.