Merchant discount rate

Representative Image - Sakshi Post

Merchants Fleecing Customers On Making Card Payments

Mar 02, 2022
HYDERABAD: Paying school fees online came with a hidden cost for the parents who learned digital payments the hard way.
Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs 2,000. - Sakshi Post

Transaction Fee Waived For Debit Card And BHIM App Transactions Upto Rs 2,000 

Jan 02, 2018
The move will have an impact of Rs 2,512 crore on the exchequer.
NITI Ayog CEO Amitabh Kant - Sakshi Post

Going Forward, Government to Tax Cash Transactions

Dec 16, 2016
NITI Ayog CEO Amitabh Kant said the government had “long-term plans” to impose a cess on cash transaction in order to encourage digital transactions.
‘Merchant Discount Rate’ is the rate charged to a merchant by a bank for providing debit and credit card services. - Sakshi Post

To Promote Digital Payments SBI waives MDR on Master, Visa debit cards  

Nov 24, 2016
SBI waves off merchant discount rate on master and visa debit cards with immediate effect.
At present, customers bear the transaction cost commonly known as merchant discount rate (MDR) on payments made to the government. - Sakshi Post

Govt to Bear Transaction Cost of Payments via Cards 

Aug 16, 2016
Moving to economy of digital currency 
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