Descriptor

A descriptor is the label displayed on a cardholder’s statement, providing crucial information to identify the transaction and the corresponding merchant. Merchants typically define descriptors when setting up their accounts with payment processors or acquiring banks. These descriptors commonly include the merchant’s name, contact information, or a brief description of purchased goods or services.

The importance of accurate descriptors lies in enabling cardholders to recognize and reconcile transactions on their statements easily. Clear and recognizable descriptors contribute to transparency in financial records, reducing confusion and the likelihood of disputes or chargebacks initiated by cardholders who may not recognize a transaction.