The transaction ID is a unique set of numbers that identifies each transaction. Thanks to the transaction ID, bank workers can define the customer’s purchase. The transaction ID is always unique. That means that there are no transaction IDs that are 100% similar. This transaction ID is only generated after the system defines it as a successful one. Usually, the transaction ID consists of numbers and letters (a 12-18 digit code).
If the customer wants to find a particular payment, the transaction ID is required. The ID is also crucial when the consumer wants to ask for a refund.
How can you get a transaction ID from your payment?
Enter the list of payments that you made from your credit card account. After that, open the transaction of your choice. There you will find the field “Transaction ID.” If you used other then a credit/debit card payment method, enter your personal account on the payment system you’ve used. Most commonly, all your transactions are in the activity stream or in tab “Transactions.” After pressing the required button you will reach the transactions’ list. Each of them will have a unique identification.
Here are some examples of transaction ID:
This client wants a refund, so he’s sent us the transaction ID.
That’s a transaction ID of the latest purchase from my account.