The name on the recurring charge is called the descriptor, and only the advertiser (merchant) can change it. However, this requires prior approval from the acquiring bank and must meet specific requirements that the bank or payment processor may impose.
There are two types of descriptors:
- Fixed Descriptor: Remains the same across all transactions.
- Dynamic Descriptor: Can change based on the transaction details, but still needs to be pre-approved.
Ideally, the descriptor should clearly identify the website or service to minimize chargebacks and allow users to recognize the transaction if they need to request refunds or dispute a charge