Which one of the following best describes the term “Merchant Discount Rate” sometimes seen in news ?<\/p>\n
[amp_mcq option1=”The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.” option2=”The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.” option3=”The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit cards.” option4=”The incentive given by the Government to merchants for promoting digital payments by their customers through Point of Sale (PoS) machines and debit cards.” correct=”option3″]<\/p>\n
Which one of the following best describes the term “Merchant Discount Rate” sometimes seen in news ? [amp_mcq option1=”The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.” option2=”The amount paid back by banks to their customers when they use debit cards for financial transactions for … <\/p>\n