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What Is A Merchant ID?

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Hsin-Wei Luang

Hsin-Wei Luang

Hsin-Wei is a freelance writer focused on small business and technology writing. Before becoming a writer, she worked as a techie lawyer for many years until she came to her senses. Now, in her spare time, she plays frisbee with her Mini Australian Shepherd dog.

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4 Comments

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    John Beck

    A friend of mine is looking to lease my Merchant ID #. In return I will receive a monthly payment. Is this a scam? Will it affect my credit or other financial situations?

      Jessica Dinsmore

      Hi John,

      We would advise VERY STRONGLY against it. If your friend can’t get his own Merchant ID, there is probably a good reason.

        Vida Fiorentino

        I’m still confused on how to obtain a merchant ID number when I don’t get a statement. Is it connected with my EIN number? How can I look it up? Please help

          This comment refers to an earlier version of this post and may be outdated.

          Jessica Dinsmore

          Hi Vida,

          The MID shouldn’t have anything to do with the EIN. The EIN is for government/tax use, so it works more like a person’s social security number. Since you don’t get a statement, probably the best way to find out your MID is to just call your processor. Note that if you work with a third party processor like Square, you probably don’t have a MID because they keep track of their merchants differently.
          Hope this helps.

            This comment refers to an earlier version of this post and may be outdated.

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