Question

Which of the following regarding Merchant Discount Rate

Q: Answer-Which of the following regarding Merchant Discount Rate (MDR) is NOT true?

The ceiling is fixed by RBI. It is applicable to debit card, credit card, BHIM, UPI, AePS transactions. As per RBI norm, the merchant cant pass on this burden to consumer. Since it reduces the profit margin of merchants, they especially small merchants prefer cash payment

(MDR) is NOT true?

A It is applicable to both debit and credit card transactions

B Its ceiling is determined by Government of India

C It is borne by the merchant.

D It goes to the bank providing card, PoS terminal and network provider

E None of the above

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Which of the following regarding Merchant Discount Rate

Solution