Mdr full form: MDR is the fee charged

MDR is the fee charged to a merchant for processing debit and credit card transactions. Learn how MDR works, its components, and its importance for e-commerce and payment processing. Understand the meaning and full form of MDR (Merchant Discount Rate), how it works in digital payments, and why it is important for merchants and banks. What is MDR? The full form of MDR is Merchant Discount Rate. This is a fee that a merchant is charged by their issuing bank for accepting payments from their customers via credit and debit cards. ‌ MDR compensates the bank issuing the card, the bank which installs the PoS (Point of Sale) terminal and network providers (MasterCard and Visa), and payment gateways for their services. MDR charges are proportionally shared between the merchant and the bank, and the charges are expressed as a ... MDR stands for Merchant Discount Rate and is the fee charged by payment service providers for accepting card and online payments. Learn about MDR charges, PSP fees, interchange fees and how to negotiate them for your business.