What Is a Merchant Identification Number?A Detailed Guide

 The merchant identification number (MID) is a unique number assigned to a merchant by their acquirer. This number is used to identify the merchant within the card payment system and is typically printed on the back of cards that the merchant accepts.


The MID is different from the merchant account number, which is also assigned by the acquirer. The merchant identification number is used to identify the merchant's bank account within the card payment system.


The MID is also different from the terminal ID, which is assigned by the acquirer to each individual card payment terminal that a merchant uses.


When a customer makes a purchase from a merchant, the MID is transmitted along with the transaction information to the card issuer. The card issuer then uses the MID to identify the merchant and determine whether or not to approve the transaction.


If a merchant wants to accept credit cards, they must first obtain a MID from their acquirer. In order to obtain a MID, the merchant must usually submit an application that includes information about their business and their proposed credit card acceptance procedures.


Once a merchant has been assigned a MID, they will need to configure their credit card terminal or point-of-sale system to use the MID. The acquirer can provide instructions on how to do this.


It's important to note that a MID is not the same thing as a merchant account number. A merchant account number is also assigned by the acquirer, but it's used to identify the merchant's bank account within the card payment system. The MID is used to identify the merchant themselves.


If you have any questions about MIDs or how they work, be sure to contact your acquirer. They will be able to provide you with more information and answer any questions that you may have.

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