What is mdr charges in paytm?

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Question: What is mdr charges in paytm?

Topics: paytm

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Answer #1#

22


Digital payment firm Paytm has announced that it will charge 1 percent MDR (merchant discount rate) from businesses for transferring payment on Paytm wallet to their bank account. A post by Paytm for Business said it will charge a 1% fee including 18% GST on receiving payment from wallets beginning May 4, 2020. Paytm Pricing- Browse plans, transactions charges & payment limit. Paytm announces 1% MDR fee for payments received with wallet. Paytm will continue absorbing the MDR fee which is charged by the banks and will not be offering the loyalty scheme. The company has set no limit on the number of reward points that can be earned by a merchant.

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Answered By:
Kevin

Kevin

Surat, India

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