How To Validate A Credit Card.
Credit cards are a paperless way people are able to transact money. Credit cards have revolutionized how we transact business. 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. Business people who transact using credit cards should also be aware of this vice and they should therefore ensure that they don’t just receive a credit card but they validate it. Check out the following ways you can validate that credit card.
You need to research how you can validate 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. There is a code at the back of the card that you can use to ensure that you are getting the correct thing. 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.
For business people who only accept physical credit cards, your risk of fraud is low. Easy and simple steps to follow and these are just by checking of their government ID’s are matching that of the credit card through swiping the card via a card reader. If the two match, you are ascertained that it is a genuine card and you can rest easy. This kind of process only happens if there are no other options of accepting cards other than via physical credit cards.
For those business people who transact through their websites or have a portal of exchange of goods and services, the checking of a credit card against the person’s government ID will not work for you. It is a risky way as you can be easily mugged and your attacker can use it to 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. The transaction will not go through if either the credit card number or expiration date is missing. It is important to be safe by checking the CVV code. By having all three of these crucial numbers, the credit card can be easily verified and the transaction can be complete. The additional check and use of the CVV, can and will help you win a chargeback if by any chance the transaction is disputed by the card holder.