Economics · Economy

Which of the following best defines Merchant Discount Rate (MDR)?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The direct tax relief provided by the government to small retail merchants
2The rate charged to a merchant for accepting payment transactions through debit and credit cards✓
3The concession in GST given by the government for digital card transactions
4The discount given by a merchant to a customer for using a debit or credit card

Correct answer

The rate charged to a merchant for accepting payment transactions through debit and credit cards

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