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[SPayLater] How are the Merchant Discount Rate (MDR) & Goods and Services Tax (GST) calculated for SPayLater?
The Merchant Discount Rate (MDR) are payment processing fees charged to merchants and are inclusive of GST.
Merchants may have different MDR for transactions placed with ShopeePay or SPayLater.
To learn more about your store's eligibility for offering SPayLater and its applicable fees, please reach out to us for more information.
For existing Merchants, please refer to your daily settlement report to view the MDR applied for your ShopeePay and/or SPayLater transactions.
(The example below is a hypothetical MDR calculation for demonstration purposes)
SPayLater MDR Example | Merchant Discount Rate of 8% | Total Order of $100 |
Calculation | 100 - ($100 x 8%) | |
Amount settled with Merchant | $92 | |
Payment Processing Fee Incurred | $8 | |
To learn more about your store's eligibility for offering SPayLater as a payment option, as well as SPayLater fees and discount rates, please reach out to us for more information.