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    Understanding Merchant ID Numbers

    checkout.com/blog/what-is-a-merchant-id-number

    Yapay zekadan makale özeti

    What is a Merchant ID
    • A unique 15-digit alphanumeric code for processing credit and debit card transactions
    • Acts as a mailing address directing funds to the intended destination
    • Required for receiving funds from customer payments
    How to Find and Obtain
    • MID isn't publicly available for security reasons
    • Found on merchant account statements, payment terminals, or bank statements
    • Obtained through merchant account setup with card processing company
    Multiple IDs and Usage
    • Most businesses need only one MID
    • Multiple MIDs possible for separate businesses or locations
    • Each MID functions as separate payment channel
    Loss of MID
    • Can be lost if payment processing platform revokes account
    • Excessive chargebacks may lead to account termination
    • Fraudulent activity can trigger MID revocation

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