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Does the billing address need to match the credit card information for a successful transaction?
Yes, in most cases, the billing address needs to match the credit card information for a successful transaction to prevent fraud and ensure security.
Why payment gateway is necessary for on line transaction processing?
Because if we does on line transaction without any gateway then there is a lot of chance for leaking our credit card information and after that other person can do on line transaction with that card so our money will become unsecure . So, payment gateway is needed to enable on line transactions with security.
How does the debit credit card swipe machine work?
A debit or credit card swipe machine reads the information on the magnetic stripe of the card when it is swiped. This information includes the card number, expiration date, and security code. The machine then communicates with the bank to verify the card details and process the transaction. If the information is correct and the transaction is approved, the payment is completed.
What happens when your credit card is declined during a transaction?
When your credit card is declined during a transaction, it means that the payment cannot be processed due to insufficient funds, security concerns, or other issues. You may need to use a different payment method or contact your credit card company to resolve the issue.
Can you run a debit card as credit for this transaction?
Yes, you can run a debit card as credit for this transaction.
What does charges are declined mean?
When charges are declined, it means that a payment transaction was unsuccessful and the payment method chosen (such as a credit card or debit card) was not authorized to complete the transaction. This could be due to insufficient funds, incorrect card details, or the issuing bank declining the transaction for security reasons.
Does the billing address need to match the credit card information for a successful transaction?
Yes, in most cases, the billing address needs to match the credit card information for a successful transaction to prevent fraud and ensure security.
Why payment gateway is necessary for on line transaction processing?
Because if we does on line transaction without any gateway then there is a lot of chance for leaking our credit card information and after that other person can do on line transaction with that card so our money will become unsecure . So, payment gateway is needed to enable on line transactions with security.
How does the debit credit card swipe machine work?
A debit or credit card swipe machine reads the information on the magnetic stripe of the card when it is swiped. This information includes the card number, expiration date, and security code. The machine then communicates with the bank to verify the card details and process the transaction. If the information is correct and the transaction is approved, the payment is completed.
What happens when your credit card is declined during a transaction?
When your credit card is declined during a transaction, it means that the payment cannot be processed due to insufficient funds, security concerns, or other issues. You may need to use a different payment method or contact your credit card company to resolve the issue.
Can you run a debit card as credit for this transaction?
Yes, you can run a debit card as credit for this transaction.
Can you explain how the credit card chip and pin technology enhances security during transactions"?
The credit card chip and pin technology enhances security during transactions by creating a unique code for each transaction, making it harder for fraudsters to steal and use card information.
How long do you have to dispute a credit card transaction?
You typically have 60 days to dispute a credit card transaction, but it can vary depending on the credit card issuer and the specific circumstances of the transaction.
Why are chips on credit cards used?
They increase the security of transactions, making it impossible to forge or clone a credit card (as you can with the magnetic stripes). They use an encryption mechanism and a unique key code assigned only to that card and which cannot be changed to generate a transaction code. This transaction code can only be correctly encrypted by the chip on that one card and contains information unique to that specific transaction. The bank can verify the validity of this transaction code, confirming the use of a valid (not forged or cloned) card at the point of sale.
What is a foreign card transaction?
A 'foreign card transaction' - is any transaction on your card that has taken place outside your home country. For example - say you live in the UK, and you go to Spain, using your card while you're there... Any purchases or cash advances made on your card would show up as a 'foreign card transaction'.
Is it illegal to ask for the CVV code during a transaction?
Yes, it is illegal for merchants to ask for the CVV code during a transaction according to the Payment Card Industry Data Security Standard (PCI DSS) regulations.
What is PCI DSS compliance?
PCI DSS is a payment card industry data security standard. PCI Data Security Standard is the set of requirements that should be met by a company which deals with payment card processing. This standard was elaborated to protect credit card data security involved into transaction processing and consequently, to decrease the level of merchant fraud. To become PCI Compliant a business needs to undergo a PCI auditing procedure which differs according to the amount of the transaction processed.
