What is Merchant Discount Rate?
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A fee that is assessed when a credit card payment from a customer is processed, the discount rate comprising of fees, assessments, network charges, dues, and markups by the merchant that are required for the acceptance of debit and credit cards.
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The merchant discount rate that is charged to merchants for processing debit and credit card transactions. To accept debit and credit cards merchants must set up this service and agree to the rate told.
It is the sum total of all the charges and taxes that a digital payment entails.
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