What is a Statement Descriptor?
A statement descriptor is what your customers will see on their statement when they purchase something from you. Ultimately, a customer’s bank will determine exactly how your business’s descriptors will appear on customer statements, but they are often formatted like this:
MYCOMPANYNAME 555-123-1234 NM $100.00
You can choose to leave the statement descriptor blank.However, we recommend setting a statement descriptor avoid potential charge disputes by your customers with their banks because they didn’t recognise the transaction on their statements as your company’s.
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We wish you a lot of good business
The Nexus Merchants Team