Payments glossary
What is a merchant of record?
The merchant of record is the business legally responsible for a sale: it appears on the customer's statement and is responsible for refunds, disputes and compliance.
In some models a platform acts as merchant of record and resells on behalf of sellers. In others, each business is its own merchant of record.
How it works in Allidian
With Allidian, you are the merchant of record for your sales, under your own agreement with your payment provider.