What does "CHIPS" mean in this context:
BETTING, WAGERING, LOTTERY, GAMBLING TICKETS OR CHIPS
This is from Visa's "Merchant Category Codes" table.
Chips are colored plastic tokens that represent certain amounts of money. Some may count for $1, some for $100, some for $500 or higher. You buy chips at a booth in a casino, gamble with them, and when you finish, you take the chips you have left and get paid for them.
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Chips are colored plastic tokens that represent certain amounts of money.
Some may count for $1, some for $100, some for $500 or higher. You buy chips at a booth in a casino, gamble with them, and when you finish, you take the chips you have left and get paid for them.