Term

MID

Payment Card Merchant

Merchant ID

Merchant ID - A unique identifier assigned to each merchant, used to identify the merchant within the payment system.

Related Terms

Terminal ID - A unique identifier assigned to each POS device at a merchant, used to identify the origin of a transaction.

Card-Accepting Merchant (Merchant) - A store, business, or organization licensed by the bank to accept card payments. Abbreviated: DVCNT or ĐVCNT.