Understanding Your Merchant Name vs. Account Name

When setting up merchant accounts and handling transactions, it is important to consider the merchant account name versus the payment account name(s).

The merchant account name is a key identifier visible to users and external parties. It appears:

On NoFrixion statements.
As the payer name on other banking portals and NoFrixion payment confirmations.
In the top-right corner of the platform, with the logged-in user’s name displayed underneath.

Note: the merchant account name will consistently appear across all transactions, regardless of the originating payment account.

Merchant Account Name on Statements

The merchant account name appears on NoFrixion statements.

For example, the merchant account name ‘BucketHats Ireland LTD’ appears on the NoFrixion statement, with the payment account name displayed underneath ('Kate Demo Account'):

Merchant Account Name on External Portals

The merchant account name appears as the payer on other banking portals and NoFrixion payment confirmations, regardless of the originating payment account. It will also appear for Verification of Payee checks.

For example, 'BucketHats Ireland LTD' is shown as the payer name, rather than 'Kate Demo Account':

Example of Payments from Different Payment Accounts under the Same Merchant

Remember that regardless of the originating payment account, the name that will be displayed is the merchant account name.

For example, in the screenshot below, there are two transactions involving 'BucketHats Ireland LTD', each from a different payment account - but within the same merchant account.

Transaction 01:

Date: Sep 02
IBAN: DK1589000055672537
Payment Account Name: USD POBO - this is not shown on bank statements
Merchant Name: BucketHats Ireland LTD

Transaction 02:

Date: Aug 07
IBAN: IE31NFXN91000167570501
Payment Account Name: Accounts Receivable - this is not shown on bank statements
Merchant Name: BucketHats Ireland LTD