Ways Of Validating A Credit Card.
Credit cards are a paperless way people are able to transact money. Credit cards came and changed how business transactions are done. They have, however fallen prey to unscrupulous people and been used widely in fraudulent activities especially online. This then has made it mandatory for you to validate your credit card when you want to use it. This is something that all business people also need to do before accepting cards for their products or services. Check out the following ways you can validate that credit card.
Look into ways of validating the credit card. Carry out a research online and find a way to validate it. There are so many different kinds of credit cards and they are all validated differently. The best thing to do at this point is to find out what type of credit card you have in hand. You will need the CVV (small number at the back – Card Validation Code) to avoid mistakes. By using the security settings, you can be able to validate your card in some ways online but be careful because not all of it can. The numbers on the card are the only way your card can be validated but your personal details will not help much in this so don’t be surprised when they don’t give much attention to your personal details.
To the business fraternity who accepts only the use of credit cards, they have a low chance of experiencing fraud. Swipe the card through a card reader for processing, and verify the name of the credit card by checking if the names of their government ID’s are matching that of the credit card. If the two match, you are ascertained that it is a genuine card and you can rest easy. It only works by physical credit cards being the only way to accept cards.
The checking of a credit card against the person’s government ID will not work for business people who transact through their online portals or websites of exchanging goods and services. Anyone can collect or even mug someone and have both the two cards and easily carry out a transaction. It is very essential to have other ways of processing cards having in mind that this may be risky. You shall need the credit card number and the expiration date. If either of the two is missing or is wrong, the transaction will not go through. Consider checking the CVV code to ensure you are free from risks. By having all three of these crucial numbers, the credit card can be easily verified and the transaction can be complete. If the transaction is disbuted by the card holder, you may win a chargeback.