Quick Answer: What Is A Merchant Reference?

The Merchant Reference number is a parameter through which merchant can pass either numeric or alphanumeric values to identify a transaction.

The maximum and minimum length of the characters is 20 and 1.

How do I find my Merchant reference number?

To find the Transaction Reference Number (TRN) of a transaction:

  • Log in to the Business Center.
  • Select Transaction Management > Transactions.
  • Specify a Date Range, e.g., Last 7 days.
  • Select Add a Filter to filter by a specific field, e.g., Request ID, Merchant Reference Number.

What is a Merchant ID number?

A merchant ID is a unique code provided to merchants by their payment processor. Often abbreviated as MID, this code is transmitted along with cardholder information to involved parties for transaction reconciliation. As a merchant, you’ll receive a MID when you open a merchant account with an acquiring bank.

What is a merchant?

A merchant is a company or individual who sells a service or goods. An ecommerce merchant is someone who sells exclusively over the Internet. A merchant will sell the goods to the customer for a profit, and by law, will have a duty of care to the customer due to the knowledge of the products he has for sale.

What is payment reference?

The Payment Reference is a message to the payee (beneficiary) about your payment. Do not insert any comments or words with your reference. Our system only needs the numeric reference to recognize your payment. Some banks allow two references, one for your statement and one for the payee.

What is Merchant Reference No?

The Merchant Reference number is a parameter through which merchant can pass either numeric or alphanumeric values to identify a transaction. The maximum and minimum length of the characters is 20 and 1.

How do I find my Merchant ID?

When merchants set up a payments profile, Google assigns it a unique numeric code called a Merchant ID.

To find your Merchant ID follow these steps:

  1. Sign in to your Play Console.
  2. Click Settings Payments settings.
  3. Under “Settings,” click Manage Settings.
  4. Under “Public merchant profile,” find your merchant ID.

How many digits is a Merchant ID?

Common lengths include 8, 12, and 16 digits. A merchant identification number is a unique identifier assigned to a merchant account to provide identification for processing activities such as transactions, adjustments, chargebacks and end-of-month fees, explains Cayan.

How do I find my Amazon Merchant ID?

To find your Merchant ID : Go to one of the products you are selling. Clic on => leads you to a list of your products. Inside the URL http://www.amazon.com/gp/aag/main?ie=UTF8&asin= (etc…)

Is Merchant ID same as tax ID?

The merchant identification number is different from a merchant account ID. A merchant account ID is given to businesses that deal with different types of transactions, but operate under the same umbrella.

What does it mean by payment reference?

In the reference field you could put something like ‘birthday gift’ or ‘holiday money’. If you’re paying a bill, eg, a gas or credit card bill, the company receiving the money will need you to quote a specific reference so that they can identify the money has come from you.

What is a statement reference?

A reference number helps an institution identify transactions in records and electronic databases used to monitor transactions associated with a card. Reference numbers from each transaction on a customer’s account are usually included in a cardholder’s monthly statement.

What is the reference on a bank transfer?

Six-digit sort code of the account you’re paying. Eight-digit account number of the account you’re paying. A payment reference (often your name or customer number) to let them know the money came from you. Sometimes you’ll need the name and address of the bank you are sending the money to.

What is a credit reference example?

Credit Reference Types

A credit reference can be anyone who has given you credit or otherwise had a financial relationship with you. Examples might include your credit card company, local bank, investment firm, previous landlord or a local business that gave you a payment plan.

Is Reference No same as transaction ID?

Transaction ID is the unique set of numbers for each transaction, Provided by the banks after every transaction to identify each transaction within banking systems. Similarly, for 1st January 2019, Transaction ID will start with 9001XXXXXXXX . In some cases, it may be called as UTR number or Reference Number.

Is reference number the same as transaction number?

And in case you have done this transaction through a payment solution provider, you will have to request the same to them. You shall be provided with the reference number. This Reference number is also known as UTR Number ( Unique Transaction Reference Number ).