logo
logo
Sign in

What is a Merchant ID Number?

avatar
NCR Merchant Services
What is a Merchant ID Number?

A merchant ID number is a 15 digit unique identification number assigned to the business entity when they open a merchant account. This number is used to determine a merchant who is tackling to process the transaction to both the processing company and the customer’s bank. This unique identifier is the reason sales are made by a given merchant. This identifier may eventually lead to money being transferred from the cardholder’s bank to the merchant’s bank account. Without a merchant ID number, the card-issuing bank wouldn’t be able to know where to send the money. 

collect
0
avatar
NCR Merchant Services
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more