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Neversleep Posted 6 years ago
Vocabulary

"CHIPS" meaning

What does "CHIPS" mean in this context:

BETTING, WAGERING, LOTTERY, GAMBLING TICKETS OR CHIPS


This is from Visa's "Merchant Category Codes" table.

  

Top answer

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.

  • 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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1 Answers
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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.

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