In plain English
It is the distinct reference assigned to one payment so it can be told apart from every other payment. The identifier may consist of numbers, letters, or a combination of both.
In context
Here, it labels the unique identifier for the individual payment transaction shown in the details.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Labels the record identifier on a transaction detail page.
Meaning limits
The term identifies which payment transaction it is, but does not by itself indicate the transaction's status or result.
Examples
“The clerk matched the refund to the original transaction ID rather than to the customer's card number.”
“In the payment details, the transaction ID matches the number printed on the receipt.”