participating payee
Defined in 1 place of the United States Code.
The term “participating payee” means—
(i) in the case of a payment card transaction, any person who accepts a payment card as payment, and
(ii) in the case of a third party network transaction, any person who accepts payment from a third party settlement organization in settlement of such transaction.
Source
- 2008–present26 U.S.C. § 6050WInternal Revenue Code · Returns relating to payments made in settlement of payment card and third party network transactions · for purposes of this section