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Understanding UPI MDR For Merchants: UPI MDR In Payment Gateway Explained

calendar_today July 9, 2026 person Sarang S babu domain razorpay

Every Indian merchant asks the same question when a settlement report lands short: “UPI is free, so why is my payment gateway charging me?” Standard bank-to-bank UPI carries zero MDR by law, yet your payment gateway can still charge a platform fee, and specific UPI-linked instruments still attract charges. This article decodes UPI MDR for […]

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