MDR is a free charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments. MDR stands for

A)
Merchant Discount Ratio
B)
Merchant Discount Rate
C)
Merchant Discount Rating
D)
Merchant Development Rate

Correct Answer : Option (B) - Merchant Discount Rate


Published On : May 18, 2021
Category : Business and Economics