What a Billing descriptor means?
The Billing descriptor is the way your company's name appears on the credit/debit card statement of your clients. Your client has to be able to identify a particular transaction and the Merchant when seeing the billing descriptor in his/her credit/debit card statement. The name used for the Billing descriptor is typically the trading name of the business rather than the legal name so that it can be easily recognized by the Client. Your phone is added for convenience of your clients. Selecting a clear Billing descriptor is important for you to avoid chargebacks when the credit card customer does not recognize name on the transaction. If you would like to change your billing descriptor, you may do so via the Settings of your myPOS device in your online e-money account.
What is a Terminal name?
You can give a custom name to each of your terminals assigned to your myPOS e-money account. This will help you to recognize more easily from which myPOS device the transactions were processed. If you leave the field blank, your terminal will appear with its model & serial number.
Can I change the currency in which the myPOS device is operating?
In order to start accepting payments in different currency using the same myPOS device, you will need to reset your terminal and activate it again. You must select the preferred currency within the process of generation of the new activation code.