MDR

Frequently book movie tickets online through a mobile app or a website? Find out why RBI has just labelled that extra ‘internet handling fee’ as illegal! #ConsumerRights

An MDR is an amount that a merchant has to pay to service providers when a consumer uses a debit card to pay for the transaction.

MDR is the rate that banks levy from merchants for the provision of debit and credit card services when payment is made at a merchant point of sale (PoS).