participating payee
(A)The term “participating payee” means— (i)in the case of a payment card transaction, any person who accepts a payment card as payment, and (ii)in the case of a third party network transaction, any person who accepts payment from a third party settlement organization in settlement of such transaction. (B)Except as provided by the Secretary in regulations or other guidance, such term shall not include any person with a foreign address. Notwithstanding the preceding sentence, a person with only a foreign address shall not be treated as a participating payee with respect to any payment settlement entity solely because such person receives payments from such payment settlement entity in dollars.