How to reduce MDR charges?

To reduce Merchant Discount Rate (MDR) charges, businesses can negotiate lower rates with their payment processor. Other strategies include minimizing chargebacks through improved fraud prevention, encouraging customers to use cash, and adopting lower-fee digital payment methods like PayNow. In India, accepting UPI payments via platforms like Paytm is a key strategy, as the government has confirmed zero MDR on UPI transactions, offering substantial savings for merchants.