A billing descriptor is the description that appears on a customer’s credit card or bank statement when a transaction is processed. It typically includes the name of the business or a recognizable abbreviation, and sometimes additional details like a phone number or website. The purpose of a billing descriptor is to help customers recognize and understand their transactions, reducing the likelihood of disputes or chargebacks.
For example, if a customer purchases an item from “Best Electronics Online,” the billing descriptor might appear as “BESTELEC*ONLINE 800-123-4567” on their statement. This way, the customer can easily identify the purchase and contact the merchant if they have any questions or concerns.