A participating payee for purposes of a payment card transaction, is any person, including any governmental unit or agency of a government unit who accepts a payment card as payment. This includes any account number or other indicia associated with the payment card. A participating payee for purposes of a third-party network transaction is any person who accepts payment from a third-party settlement organization in settlement for that transaction. A participating payee does not include a person with an address outside of the United States.
Citations: 6050W. Returns relating to payments made in settlement of payment card and third-party network transactions