Clear statement descriptors help customers recognize charges on their credit card statements and prevent them from filing unnecessary chargeback claims.
What Is a Statement Descriptor? Examples & Best Practices
Statement descriptors are text used to provide customers with transaction information on their credit card bills. A standard statement descriptor includes the business name, phone number or location, and the transaction amount. However, some payment processors further customize statement descriptors to include additional information such as product or service name and invoice numbers. Customers use…