business terms

What is a merchant ID?
Business Development Specialist: Yuliia Mamonova

What is a merchant ID?

Merchant Identification Number(MID) is a simple code that a merchant can obtain from a payment provider and plays a significant role in transaction verification.

22 Payment processing terms every merchant should be aware of

Find the most relevant payment processing terms that each business owner should know. In our article, you will find a list of 22 definitions that will help you understand the sphere of payment processing.

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