Payment processing fees have long been one of the most annoying expenses for business owners. The merchant pays a fee to facilitate the transaction each time a customer taps their phone or swipes their card, in addition to receiving revenue. These expenses, which are typically a mix of markup, interchange,...
What is Merchant Discount Rate (MDR)?
In the world of payment processing, merchants are often faced with various fees and charges that can impact their bottom line. One such fee that merchants need to be aware of is the Merchant Discount Rate (MDR). Understanding MDR is crucial for merchants as it directly affects the cost of...