KUALA LUMPUR: The merchant discount rate (MDR) charge to be imposed on merchants for payment received via DuitNow has come as a huge surprise to small and medium enterprises.
Small and Medium Enterprises Association (Samenta) president Datuk William Ng said while the association appreciates that the MDR or commission has been in the fine print all along, it still seemed arbitrary on the part of Payments Network Malaysia Sdn Bhd (PayNet) and the acquiring banks to impose a charge of up to 0.5%.
