What is the transaction ID?
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.
Here are some examples of transaction ID:
Can you please provide us with the transaction ID, so we can offer you a refund?
Wait, I need to check my transaction ID so as to dispute my credit card purchase.
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.”