MERCHANT DISCOUNT RATE
RBI caps charges on debit card transactions at merchant outlets
RBI has split the amount of MDR, fee that shop keepers charge customers, into two – for merchants with turn-over of less than Rs 20L & the other for more than Rs 20L.
No surcharge, service charge on card payments: Cabinet
The meet chaired by Prime Minister Modi also approved mandating payments beyond a pres...
The Discounted Cash Flow method & what it brings along
A series of regulatory and tax changes has completely changed the rules for transacting in shares of a private company in the country, says Abhishek Goenka, Partner, BMR Advisors.
Paytm, 1mg offer discounts ahead of GST
All e-commerce companies have been engaging with the merchants on their platforms to ensure a smooth transition to the new taxation system.
Early discounts, festive sales lift August digital transactions
The 45% month on month increase is the highest so far for UPI since demonetisation.
SBI waives MDR charges for small merchants for one year
This, SBI said, has been done with a view to helping small merchants overcome apprehensions towards joining the "journey by installation" of PoS terminals in their shops.
Invoice discounting startup KredX acquires Hummingbill
KredX’s platform enables small merchants to sell their invoices raised against blue-chip companies at a discount to investors, banks and financial institutions.
ET in the classroom: Merchant discount rate
It is the invisible charge that consumers pay to banks in establishments that accept payment cards. It is invisible because the payment is made by a merchant to his bank in the first instance.
Leading private banks waive debit cards charges for merchants
Banking major SBI had already waived MDR on RuPay debit cards last week, while ICICI Bank had waived it yesterday.
80% discounts continue as e-commerce unaffected despite GST rollout
The implementation of GST had set the scene for a decline in these offers. However, most popular e-commerce sites seem to be carrying on their sales.
Bank apps, low merchant fee may impact e-wallets
MDR rate for merchants was waived for the first two months of demonetisation.MDR rates were capped from January 1 to March 31, 2017 by the RBI. For transactions below Rs 1,000, the cap was at 0.25%, and for transactions of Rs 1,000-2,000 at 0.50%.
Pre-GST discounts: The complete list of best deals on offer right now
Retailers have announced discounts to clear inventories due to the new indirect tax regime, the Goods and Services Tax, coming into force from July 1.
Buy Dish TV; target price raised, stock is getting closer to profits: Nitin Prakash Daga
Additionally, the company positively surprised on the bottom line front with losses coming considerably below expectations
Long-term clarity on tax rates in Budget can aid growth momentum
A stable tax regime provides greater clarity and comfort for businesses and retail investors.
Government to discuss MDR rate issue with RBI: Finance Ministry official
According to a senior finance ministry official, the hike in charges would impact Digital India movement and there is a need to look into the issue.
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