The business name you see on credit and debit card statements refers to the merchant of record. Your customer will see your business name in their statements as the merchant of record.
See here to learn more about what it means to be the merchant of record.
You'll be asked to set a statement descriptor as part of activating your account.
It's important than your statement descriptor can clearly be associated with your business so that your customers recognise it's a legitimate transaction. This can have a significant impact on the number of chargebacks you may recieve.
Your statement descriptor needs to:
- Contain 5-22 characters
- Contain only Latin characters
- Clearly be associated with your business