SECURITY FEATURES THAT ARE AVAILABLE
WITH
FREE SPORTSBOOK MERCHANT ACCOUNTS
Nowadays, there are many companies that
offer free merchant account facility to
newly started businesses. So, gathering
information about free merchant accounts
is quite easy too since information is
widely available. Anyway, since the
information that is available is too
much, a customer has to do his homework
and so has to research adequately to
locate good service providers who will
suit his/her interests. This is not
tough since there are many genuine
offerings in the market.
It is quite common for free merchant
accounts service producers to lure
customers with offers like providing a
free terminal, zero cost associated with
opening the account and also not
charging even a minimal fee for the
account application. In addition to the
above mentioned offers that are extended
to the customer, he/she should make sure
that he gets a good deal and make the
most of it by enquiring about additional
features that can be procured. This way
the free merchant account will be an
asset for the customer’s business. One
such facility is the security tools
associated with these accounts.
The security tools of free merchant
accounts have the important function of
safeguarding the customers from common
frauds. It is important to protect the
merchant accounts from such frauds since
the frauds are active for a good amount
of time and have caused losses amounting
to many billions of dollars just within
a year. It is mandatory that the
merchants safeguard themselves while
opening merchant accounts so that they
do not fall prey to these frauds that
are rampant.
Because of the prevalence of such
frauds, it has become critical to ensure
that all online transactions that are
conducted are safe and secure so that
there is no room for any money loss in
the hands of cyber criminals. Some of
the methods that have been used widely
for enabling secure on-line money
transactions are as follows:
The first and foremost method is AVS
which actually means Address
Verification Service. For all
transactions, the card holders’
addresses are cross checked with the
addresses found in the records of the
card issuer. A code indicating the
percentage or level of match that
resulted after the comparison is done.
The second method is CVV2 (Card Security
Number Confirmation). MasterCard was the
developer of CVV2 technology and it is
based upon a code having three digits
which is found at the reverse of the
credit cards. This code should be
entered before completing a transaction.
All transactions that face the situation
of codes not matching will be cancelled.
Since these codes are not stored, the
customer can be assured of full safety.
3D Secure Code was the idea of VISA and
it was later adopted by MasterCard. It
is based upon an XML protocol and
assigns unique passwords to all credit
cards. No card transaction is complete
without the use of these passwords. This
is actually the concept behind the
statement ‘Visa and MasterCard secure
code’ that you will find everywhere. Contact
one of our helpful account
representatives to assist you in the
setup of a
high risk merchant account or
offshore merchant account for a
high risk merchant. |