With reference to the Merchant Discount Rate, which of the following statements is/are correct? 1. It is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments. 2. MDR charges are usually shared in pre-agreed proportion between the bank and a merchant and is expressed in percentage of transaction amount. Select the correct answer using the codes given below: - Study24x7
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With reference to the Merchant Discount Rate, which of the following statements is/are correct? 1. It is a fee charged from a merchant by a bank for accepting payments from customers through credit and debit cards in their establishments. 2. MDR charges a...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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