Glossary of Terms

What is a Merchant of Record?

Merchant of Record Definition

A "Merchant of Record" (MoR) is a term used to denote the entity that is legally responsible for processing and handling customer transactions, including the financial aspects of those transactions. The Merchant of Record is the party that assumes the legal and financial responsibilities associated with a sale.

This role involves handling financial transactions, such as payments and refunds, assuming legal responsibilities for compliance with regulations, managing risks associated with transactions, and providing customer support. The Merchant of Record is crucial for ensuring the smooth and compliant execution of online transactions, with some businesses opting for third-party services to handle the complexities of payment processing and regulatory adherence.

Merchant of record definition

Related terms

Product Information Management, or a PIM, is a powerful tool that centralizes all of a company's product data into one system.
Catalog management is the process of organizing and managing the various products or services you offer.
A product attribute is any characteristic or feature of a product that helps distinguish it from other products.
A product catalog is a comprehensive list of products that a business has available for purchase.
Want to learn more?

Related resources

2023 B2B Marketplaces

Ready to Get Started?

Ready to get started?

Nautical Commerce dashboard graphic