How to get Credit Card Security Code Numbers for Secure Online Money Transaction -Safety Tips for Online Buyers-Customer

Many of us use credit cards for online transaction on each day/week or month. Every time we purchase something online, the merchant company’s website asks for credit card codes. This code is a separate type of code from that which is usually used while purchasing in person from a shopping mall. For online the used code in known as CVV2 (card verification value) or CVC2-this is also called CSC/CCID. During the transaction in person from a shopping center, CVV1 is used-which remains magnetically encoded in your card. The main purpose of this CVV code is to confirm your authenticity with the card issuing bank. Once this number is compromised you are likely to lose your money in no time.

Credit Card Security Code Numbers-CVV
Credit Card Security Code Numbers-CVV

In 2007, 4.6% complains among all Internet related crimes were related to credit card fraud and on the average the loss of each complaint was $298.


So, before making any online transaction, you need to follow some instructions so as you can easily avoid unwanted fraud and ensure safe transfer of money.

What happens when you enter the credit card security number on the merchant website?

Immediately the number is sent to the payment gateway via the merchant, the merchant never have the access to the card number. It is the duty of payment gateway to verify the account and balance information of the customer and sending verified information to the merchant to completer the purchase order with billing information.

Online money transaction safety tips using credit cards

  • Do not give credit card number to any unknown and new e-commerce site, even if you find the tiny security padlock in the merchant website; this type of security padlock does not guarantee any solid security protection.
  • Before buying from a site, try to get the detail physical address (not only P.O Box number) of the merchant, if possible try to contact them on land phone. Verify the Whois info of the site.
  • If any seller refuse to give you verifiable physically address, then it’s always better. Legitimate business owners will never be shy away give the real address to their customers.
  • Try to check out their BBB info with the BBB site regarding their any history of customer complains.
  • Be aware of the special offer or discounts type e-mail.
  • Before making the purchase even if from your known site carefully look at the url: amazom.com-it’s certainly not amazon. For secure transaction, check if in the url,the protocol is https: not http:
  • After the purchase, if you find something suspicious contact the credit card issuer straight-away

Due to lack of online security, many avoid online transaction as much as possible. But, if one keep only a few tips in mind before making online purchase or transaction, then its really safe and easy purchase.

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Comments 13 comments

prettydarkhorse profile image

prettydarkhorse 6 years ago from US

very helpful info andromida, thank you, thank you, I use transactions with credit cards and sending money as well, so this helps me a lot! maita


H P Roychoudhury profile image

H P Roychoudhury 6 years ago from Guwahati, India

Credit card has made the money transaction smooth and convenient but still it carries a percentage of risks. Thanks.


andromida profile image

andromida 6 years ago Author

Prettydarkhorse-thanks you so much, pretty darkhorse

H.P Roychoudhury-thank you very much.Yeah, still credit card poses some significant risk for online transaction.we need to be careful when we use it, specially for online transaction.


Lady_E profile image

Lady_E 6 years ago from London, UK

Thanks for this. I try to limit use of cards online. After reading your Hub, I will take extra precautions.

They think they are smart... they don't know Andromida is smarter than them. :)

Best Wishes.


andromida profile image

andromida 6 years ago Author

Thanks Lady-E, hackers are getting smarter everyday-anytime they may out-smart anyone.I also do lots of online transaction from the same computer,that's why I try to take extra caution.


Millionheir 6 years ago

I've been frauded many time so I can personally verify the importance of credit card safety very well done andromida!


andromida profile image

andromida 6 years ago Author

Thanks Millionheir,Hope you won't be frauded anymore. thanks :

)


jaymelee23 profile image

jaymelee23 6 years ago from United States

Great tips. Credit cards can be stinkers ;)and trouble


andromida profile image

andromida 6 years ago Author

Thank you so much jay :)


Security News profile image

Security News 5 years ago from Riverside, CA.

Very Nice Hup. You just cannot be too careful. Thank you for publishing this hub and Keep them coming!


dosapati 5 years ago

Thanks for the gud info


howard seabrook 5 years ago

can u please check my security code for me


Dipu 4 years ago

nice discussed, the padlock in the security bar ensures the site is encrypted, but do not confirm the identity; however in most commercial e-commerce sites they use extended validation certificates, which makes the browser address bar color green providing a user friendly name, and that also confirms identity along with the security. Plz search the web using the term Extended Validation Certificate for more info.

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