3 ms·
This is the relevant number here: https://merchantsupport.tngdigital.com.my/hc/en-us/articles/15599664399385-How-much-is-the-MDR- https://merchantsupport.tngdig
by kalleboo 3y ago
This is the relevant number here: https://merchantsupport.tngdigital.com.my/hc/en-us/articles/15599664399385-How-much-is-the-MDR- https://merchantsupport.tngdigital.com.my/hc/en-us/articles/...
Merchants are charged 0.5%. Compared to 2-3% in the US credit card scheme.
- AmericanChopper 3y agoThat’s a promo rate, and only available to certain merchants. Wait until it becomes profitable in “3 to 4 years”. The only real opportunity these systems have to increase efficiency is to not offer consumer fraud protections, which is obviously of questionable value to the consumers.
- kalleboo 3y agoEU interchange rates are regulated to 0.2% for debit and 0.3% for credit and they offer fraud protection just fine