How much does the bank charge on purchases made through POS machines? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How much does the bank charge on purchases made through POS machines?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

It is called the merchant fee (Merchant Discount Rate - MDR). It varies by business sector and by the type of card used (Meeza, Visa, Mastercard), and it usually ranges between 1% and 2.5% of the value of each purchase. The state applies exemptions or reduced fees for some essential sectors, such as paying government dues.

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