Multi-MID routing
Multi-MID routing allows transactions to be directed across several Merchant Identification Numbers (MIDs). This strategy is crucial for managing transaction volumes, mitigating risk, and ensuring compliance with scheme rules. It provides granular control over how and where transactions are processed within your acquiring relationships.
What you get.
- Distribute transaction volume across multiple MIDs to manage risk exposure
- Isolate specific product lines or business units to dedicated MIDs
- Optimise processing costs by directing transactions to MIDs with favourable rates
- Enhance compliance by segregating transaction types onto distinct MIDs
- Improve chargeback ratios by segmenting high-risk transactions to specific MIDs
- Facilitate easier reconciliation and reporting for different business segments
Common questions.
What is multi-MID routing?
Multi-MID routing is the process of directing transactions to different Merchant Identification Numbers (MIDs) within one or more acquirers. This allows merchants to segment their transaction flow for various purposes, such as risk management, cost optimisation, or regulatory compliance.
How does it help with risk management?
By using multiple MIDs, you can segment higher-risk transactions or product lines onto specific MIDs. This prevents a single MID from accumulating excessive risk, which could lead to higher reserve requirements or even account termination, thus protecting your overall processing capability.
Can MIDs be used across different acquirers?
MIDs are typically tied to a specific acquirer. However, multi-MID routing within Cardflo's platform allows you to manage and route transactions to various MIDs, which can be associated with different acquirers, providing comprehensive control over your payment ecosystem.
Ready for velocity?
Tell us about your business. We'll match you with the right acquiring partners and the right route, typically inside a week.