Merchant discount rate refers to ______
This questions was previously asked in
SSC CGL 6th March 2020 Shift-1
the total discount a bank offers to the merchant for promoting online transactions
Incorrect Answerthe total discount a merchant offers on online transactions
Incorrect Answerthe rate charged to a merchant for payment processing services on debit and credit card
transactions
Correct Answeronly taxes that a digital payment entails
Incorrect AnswerExplanation:
the rate charged to a merchant for payment processing services on debit and credit card
transactions
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