Multiple Choice Questions on Merchant discount rate refers to ........ for SSC CGL Exam Preparation

Indian Economy

General Studies (CGL)

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Indian Economy - Understanding the basics of Indian economic system

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    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 Answer

    the total discount a merchant offers on online transactions

    Incorrect Answer

    the rate charged to a merchant for payment processing services on debit and credit card
    transactions

    Correct Answer

    only taxes that a digital payment entails

    Incorrect Answer
    Explanation:

    the rate charged to a merchant for payment processing services on debit and credit card
    transactions

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