Effective April 15, 2023, Visa has implemented a reduction in the permissible merchant surcharge to the lower of: (a) the merchant discount rate (MDR) for the applicable credit card or (b) 3%. The MDR ...
In an effort to make its cards more financially attractive to merchants, American Express Co. plans to cut its worldwide discount rate by potentially up to three times the level it had previously ...
The government may reintroduce merchant discount rate charges on UPI and RuPay transactions for large merchants, impacting the digital payments landscape. The Central government is contemplating the ...