The eCommerce industry is expanding quickly and credit cards are even the most famous online payment method. So, let's read the complete blog and understand what is a card security code. And why do you require one to pay for services and products online?
A standard credit card keeps three details fields. The bank's credit card number, the signature magnetic strip, and a Card Security Code (CSC). The security code is mandatory for conducting online payments. So it's essential to keep it secure and not share it with others.
You can also call this specific code Card Verification Value, the short form is CVV, the signature panel code (SPC), or it may be your unique Card Identification Number (CID). The term relies on the credit card you are preferring. It doesn't count on how you represent them, the three or four digits number drives your online buys more securely. So, securing a high-risk merchant account in Europe (Netherlands) from a reputed payment gateway provider is essential.
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Credit cards are easy and famous payment methods preferred all around the world, with different banks and organizations delivering competitive parcels. Thus, regrettably, the threat of credit card fraud is increasing. So, always acquire a high-risk payment gateway in Europe (Netherlands) that delivers secure credit card processing.
Although credit card transactions are well safe when the credit card (and cardholder) is available at the moment of sale, it is more difficult with online payments. Additionally, when there is a special unique code on the magnetic strip of the credit card, it is not completely secure from glimpsing. If the complete card is copied, the code will also be robbed. Therefore, the card security code is an additional security layer to save your transactions from scams and fraud.
This specific code, as the name signifies, is a security element, set onto your credit card. It is an expansion to the bank card number which is branded on the credit card. It is a smashed value rendered by the credit card issuer and is reached by encryption of the expiry date of the credit card and the bank card number. The encryption keys used to render it are admiringly susceptible details available only to the bank.
When you make a payment online by using a credit card, then you may be asked for your card security code. You will have to provide it to verify that you have your credit card with you. And also to give the approval of access to your money to the person you are paying with your credit card. It is beneficial in preventing online payments from scams and frauds.
The card security code must deliver when the credit card and cardholder are not available in a brick-and-mortar store, by payment via the internet, fax, or call. Yet, the card security code should important on uncertain web pages or email discussions.
You can basically find it on the back side of your credit card or maybe on the front look. You will get it flat, generally in black, not inscribed such as the card number. And it can be a three or four-digit code. For instance, MasterCard and Visa cards contain a 3-digit card security code published on the back of the credit card, subsequent to the signature panel. The new credit cards locate them on a distinct panel beside it. However, American Express cards acquire 4-digit card security codes published on the front look of the credit card.
WebPays delivers the most secure credit card processing solution for its merchants with reliable payment gateway solutions. WebPays provides casino merchant accounts, gambling merchant accounts, and forex merchant accounts in Europe (Netherlands) for respective industries as well. So, contact us now to get the best payment gateway solution for your high-risk business.