This article will show a list of frequently asked questions by ClubReady users in regards to their merchant ID.
Where can I find my MID if I am a ClubReady Fully Managed Subscriber?
Locate your MID for PCI by searching through your email inbox for an email from Secure Trust. If unable to locate, you can obtain your MID from a member of ClubReady's Merchant Onboarding Team by sending a request via support@clubready.com.
Can I share my merchant ID number?
Beware of Fraudsters: Do not share your Merchant ID.
Your MID is your personal identification code associated with your bank accounts. If this code gets in the hands of a fraudster, it could be used to make illegal transactions. Thus, it is important that you keep your MID private and secure.
Can we share merchant ID?
Merchant IDs are as important as bank accounts and should be treated as such. You open yourself up to vulnerabilities if you widely share this number, so don’t do it unless you absolutely have to.
How do I find out who owns a merchant ID?
Merchant IDs are not public information and cannot be searched as such. So if you’re not involved with the business you’re trying to find, there’s no merchant ID number lookup system you can take advantage of. Again, these numbers are private and used for routing money, sort of like a bank account.
What does a merchant ID mean?
A merchant ID is a code that is issued by credit card processors when you open up a merchant account. This number is an important business identifier that tells the banks and credit card processors where the money is going and is used to ensure your money is sent and received correctly.
What can I do with a merchant ID number?
It basically enables merchants to securely accept card payments and process transactions through their merchant account - and also verifies the legitimacy of your business to the customer’s card issuer.
Is a merchant ID sensitive information?
Every business, either online or offline, that accepts card payments, needs a merchant ID number to identify their specific merchant account in a card transaction and route the funds to it. A merchant ID is sensitive information and should be kept private, similar to one’s bank details.