### Question
Can you define what payment card transaction means?


### Answer
**Payment card transaction** is defined as the following in *26 U.S.C. § 6050W*:

> any transaction in which a payment card is accepted as payment

#### Citation:
  - *26 U.S.C. § 6050W*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 61-INFORMATION AND RETURNS > Subchapter A-Returns and Records > PART III-INFORMATION RETURNS > Subpart B-Information Concerning Transactions With Other Persons**

