Payments definitions glossary
What is a Merchant ID (MID)?
To accept payments online, you need a Merchant ID. This is required for all businesses that wish to process online card payments. If you do not have a Merchant ID you can use an acquiring service.
NETBANX is an acquiring service
We are one of the few payment service providers that can collect and process card details on behalf of the merchant without requiring a Merchant ID – an ideal choice for start ups who need to get started straight away.
If you do not have a Merchant ID and want to start accepting payments online, contact NETBANX today.
More payment definitions
Asking yourself “what is PCI compliance?” Find out about more payment terminology from our payments glossary.