You most likely came to this page because you found ‘merchpayout’ on your credit card statement. Our company is called MerchPay. This is not the same as the term you have searched. The aforementioned search term you have searched is not our company name; nor is it our trademark. In fact, it is not trademarked term at all.
Apparently, your company’s Point of Sale system utilizes a third party service from Payrix.
You can read more about it on their webpage: https://resource.payrix.com/resources/secondary-statement-descriptor, or reach out to your software provider or developer.