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What is a 'payment description'?

The billing (payment) descriptor describes the payment and helps the cardholder identify the transaction on their card statement. Keep in mind that your payment description will be generated automatically using the merchant name you have registered with us. This is the name of your company filed in the National Trade Register. If you believe that your clients will not recognise your company by the automatically generated billing descriptor, you can either enter а familiar name in the field ‘Merchant name’ or you can contact us to update your billing descriptor.

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