| Term | Definition |
|---|---|
| Merchant ID |
A merchant ID or MID is a unique number that identifies a specific merchant. New merchants are typically assigned a merchant ID by an acquiring bank or merchant services provider when they open an account. MID numbers are used to route payments to the merchant and ensure they're deposited into the correct account. Merchant IDs aren't public information, but merchants can find their own ID on a merchant statement or by asking their merchant account provider. Read more >>> |
