At present, we live in world where going out to shop isn’t recommended. In fact, it’s not even possible. With the majority of shops across Canada being considered “non-essential”, there aren’t many stores to visit. Even if there were, it wouldn’t be safe. Staying at home and remaining isolated continues to be the top way to prevent the spread of the coronavirus.
The worldwide pandemic hasn’t stopped Canadians from shopping. The online variety has only increased in popularity due to necessity. As a result, credit card acceptance has never been more important for merchants everywhere. Credit cards are highly trusted by consumers as top payment methods for online purchases.
Unauthorized charges can easily be disputed.
Credit cards can be stolen. But then they are used fraudulently, cardholders are not responsible to pay for the charges. During a worst-case scenario when a cardholder’s information is compromised, he/she is not held liable for any unauthorized charges.
“You can dispute those transactions to get them reversed, and during the dispute, those charges will be frozen, meaning they won’t affect your credit limit,” assures Lyle Daly on Fool.com.
CVV numbers = fraud protection.
Your Card Verification Value or CVV number is a three-digit code found on the back of your credit card. As you’re likely aware, this is often requested by online merchants to verify identity and dissuade fraudulent transactions. By entering this code, a shopper ensures the online shop the card is in the possession of the purchaser.
“As the CVV is not embossed (like the card number), the CVV is not printed on any receipts for your personal privacy,” explain Regina Collins and TJ Ryan on Canstar.com, “It is an anti-fraud measure that was introduced by credit card companies worldwide and is required when any online payments are made to stop you from entering your Personal Identification Number (PIN) into online payment services.”
Future purchases are made easy.
When you make a purchase on a website, you can have your credit card information automatically saved at the end of the transaction. This allows you to visit the site in future, make another purchase and not have to punch in your credit card information again. It’s an incredibly convenient way for shoppers to make purchases and for merchants to encourage repeat business. However, consumers are warned to be careful when saving their credit card information.
“Many sites will give you the option of saving your credit card information for future use,” notes Daly, “I’d be a hypocrite if I told you not to do it, as I’ve saved credit cards with certain trusted sites.”
Do you have your online store all set up?
At Canadian POS, we offer a secure e-commerce solution that enables you to easily and securely accept and process all credit cards – Visa, MasterCard, Discover Network, American Express – from your website. Secure real-time transaction processing and advanced risk management tools protect your online business from fraud.
And because you’ll have a direct connection to our powerful and reliable processing network, you can eliminate the costs and complexities of dealing with a third-party gateway provider. Please don’t hesitate to call us at 1-877-748-2884 or email us at info@localhost to learn more!