A merchant identification number (MID) is a unique number assigned to a merchant account to identify it throughout the course of processing activities.
The merchant account comprises a merchant identification number (MID), one or more terminal identification numbers (TID), and a gateway identification number (GID).
What is an MID?
Every new merchant account comes with a unique number – called the Merchant Identification Number, or MID – that singles it out throughout all processing activities. The MID uniquely identifies an online merchant that is processing payments through a network.
What does MID code stand for?
A unique identifying reference number allocated to each manufacturer that imports goods into the United States. Unlike other numbering systems for manufacturers which may be more widely used, this system is employed by U.S. Customs in its electronic data processing.
What is a merchant identification number?
Merchant Identification 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.
What is mid credit card?
Merchant identification number (MID) is generated by a credit card processor and assigned to a specific merchant client for use in all dealings between the two, including electronic payments processing, adjustments and chargebacks.