Ways Of Validating A Credit Card.
The best paperless way to carry out money transactions is to use a credit card. Credit cards have revolutionized how we transact business. Because of their popularity, they have been used to transact some sham activities 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. Here are a few tips of validating a credit card.
Find out how to validate the credit card. What you can do is go online and search how this can be done, you will sure find a lot of information. There are so many different kinds of credit cards and they are all validated differently. So the first thing is to identify which type of card you are dealing with. 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. You can’t validate your card with your personal details though, the numbers on the card are the only way.
For business people who only accept physical credit cards, your risk of fraud is low. 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. In the event that the two match, you are assured that the credit card is legit and you may be comfortable accepting it. 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. Always have the expiration date and credit card number for if one misses the transaction will not go through. You have to check the CVV code as well in a bid to minimize the risk. The three features are what makes a credit card valid and a transaction can easily go through. The use of CVV helps you win a chargeback in the event there is a dispute from the card holder.