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[ShopeePay Merchant] How are the Merchant Discount Rate (MDR) & Goods and Services Tax (GST) calculated?

For example, if your transaction amount = $10, The Merchant Discount Rate (MDR) = 1%,

MDR amount

=

MDR x Transaction amount


=

1% x $10


=

$0.10


Since your MDR amount = $0.10 and Goods and Services Tax (GST) = 9%,

GST amount

=

MDR amount x GST rate


=

$0.10 x 9%


=

$0.009


Nett amount you will receive is calculated as below:

Nett amount

=

Transaction amount - MDR amount - GST amount


=

$10 - $0.10 - $0.009


=

$9.89

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