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Verifying Payment Methods

Thread starter Gavin Carter
Start date Dec 18, 2024

G

Gavin Carter

Member

Dec 18, 2024

#1

How do payment processors verify payment methods?

C

Clara Harris

Member

Dec 18, 2024

#2

If it's card payment, they use CVV which is the 3 digit code behind a credit or debit card.

O

Owen Wilson

Member

Dec 18, 2024

#3

Bank transfers deposit small amounts to their customer's account to ensure that it's still active and valid.

G

Gavin Carter

Member

Dec 18, 2024

#4

I see there are tons of type of verifying payment methods.

C

Clara Harris

Member

Dec 18, 2024

#5

Gavin Carter said:
I see there are tons of type of verifying payment methods.

Yup OP, it depends on the type of payment method. They all have different verification method.

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