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.

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