It’s time to get rid of MDR in payments – Merchant Discount Rate

Merchant Discount Rate in Payments Needs to Go Away

Merchant Discount Rate (MDR) sounds like a good thing. Who doesn’t want a discount? But the term is highly misleading. Watch out. When you hear MDR from your payment processor, think hidden fees. What is a merchant discount rate (MDR)? There are several pricing models in payments and MDR is used in the “tiered” pricing […]