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.