mdr

Hi everyone, I’m planning to make a significant (INR 1.57L) electronics purchase soon. However, card swipes (debit and credit cards including UPI on credit) would attract an additional 2-3% charge, amounting to approx. INR 4k. The merchant isn’t a big player like Croma or Reliance Digital, so I...

MDR charged on Credit line UPI transactions basis Merchant Category Code: Dear Merchant Partner, Thank you for partnering with HDFC Bank for your payment acceptance needs. As per NPCI OC circular No. 202/2024-25, effective 16th October 2024 there will be MDR charged on Unified Payments...

We are aware that most of the small merchants have disabled UPI payments via Rupay CC on their merchant QR, even for small value transactions below ₹2000. For small merchants below ₹20 lakh turnover, the MDR charges are 0% for Rupay CC payments below ₹2000. I believe there shouldn't be an...