### Question
What does merchant acquiring entity mean?


### Answer
**Merchant acquiring entity** has the following meaning in *26 U.S.C. § 6050W*:

> the bank or other organization which has the contractual obligation to make payment to participating payees in settlement of payment card transactions

#### 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**

