Answer by William Noah Alexis III for Why do some online stores not ask for...
The truth is that Visa does not require a merchant to enter the cvv number before authorizing a transaction. The only information that is really needed is the credit card number and expiration date.
View ArticleAnswer by kanad for Why do some online stores not ask for the 3-digit code on...
@Jeremy Using CVV doesn't decrease the transaction cost. I know this because I have quotes for CC transactions and the cost/transaction doesn't depend on using CVV. That said we don't plan to use CVV...
View ArticleAnswer by Jeremy for Why do some online stores not ask for the 3-digit code...
Given that the laws on consumer liability for unauthorized transactions mean no cost in most cases, the CVV is there to protect the merchant. Typically a merchant will receive a lower cost from their...
View ArticleAnswer by KeithB for Why do some online stores not ask for the 3-digit code...
Some businesses verify the shipping address with the credit card company, and refuse to ship to an alternate address without additional, offline verification. Of course, this is only useful for...
View ArticleAnswer by Dheer for Why do some online stores not ask for the 3-digit code on...
As a general premise:In most of the online transactions in case of dispute the benefit of doubt is given to the customer. IE if the customer refuses to pay and claims that its not his transaction, the...
View ArticleAnswer by StasM for Why do some online stores not ask for the 3-digit code on...
They may verify the card by ZIP code, address, etc.They may accept additional risk for the sake of convenience/laziness. Since if transaction is rolled back, the merchant is the one who suffers, credit...
View ArticleAnswer by Vitalik for Why do some online stores not ask for the 3-digit code...
There are different ways of credit card purchase authorizations. if some choose less secure method it's their problem. Merchants are charged back if a stolen card is used.
View ArticleWhy do some online stores not ask for the 3-digit code on the back of my...
How is it that some e-commerce stores are able to process credit card transactions without getting the 3 (or 4-) -digit security code from the back of my credit card?What value does this code add if...
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