What is CVV2 Code?

CVV2 means Card Verification Value 2. The CVV2 is a three-digit or four-digit security authentication value printed on credit and debit cards.

Credit card companies adopted the CVV2 feature to minimize fraudulent transactions online. Cardholders use the three-digit security code to perform card-not-present transactions on the internet, and sometimes, manually-entered transactions too.

The CVV2 goes by the following alternatives :

  • Card Security Code (CSC)
  • Card Verification Code (CVC)
  • Card Verification Value Code (CVVC)
  • Card Code Verification (CCV)
  • Card Identification Number (CID)

Technically, the CVV, CVV1, and CVV2 all perform the same validation function. But, their major difference lies in how the cardholder uses it. Cardholders use CVV codes for chip cards and contactless cards to generate electronic codes.  CVV1 users the code value during an in-person transaction. 

The CVV1 code is encoded on the magnetic stripe of a credit card, such that when the user swipes the card during a transaction, that value is submitted to the bank for validation. Users require the CVV2 code to complete a transaction when their card is not present.

Where do I Find my CVV2 Security Code?

You can find the CVV2 number on either the front or back of your credit or debit card.

For MasterCard, Visa, and Discover, you’ll find the CVV2 code on the signature panel, right after the account number, at the back of the card.

As for American Express, you’ll find a four-digit CVV2 code on the front-right corner of the card, above your card account number.

If you’re purchasing any of our services via credit cards, we’ll need your CVV2 number to process your payments. This helps us determine the owner’s identity and reduces the possibility of fraud.

Security Benefits of the CVV2 Security Code

As you know, there are two types of CVVs linked with most credit and debit cards. 

The CVV1 is encoded in the magnetic strip found on the card that is used for in-person transactions, whereas, the CVV2 is the visible code you see and use for online purchases when your card is “not present.”

Hackers might find it easier and more accessible to obtain the card number and expiry dates, but the CVV codes are much harder to track. 

The Payment Card Industry Data Security Standard (PCI DDS) regulations prohibit any payment portal from storing any CVV data in their system database. 

They can store other card information like card numbers and expiry dates, but you must input the CVV2 value with every transaction you make.

This provides an extra layer of security when you purchase from us.

How to Safeguard Your CVV2 Security Code

Use the following steps to protect your payment details from credit card fraud.

Use a Password for Your Home WiFi

Password-protecting your WiFi stops anyone with a range from connecting and monitoring personal information you send over the network.

While you’re at it, never enter your card information over public WiFi.

Be Wary of Phishing Sites

Phishing sites are malicious sites that are created to scam unaware individuals. Sometimes, they’re cloned to look like a legitimate site using SSL certificates and an https padlock sign. 

To avoid this, double-check and make sure you’re entering your details on the correct website.

Don’t Share Card Information.

Beware of unsolicited requests to share card information over email or phone. Ignore these requests, especially if you weren’t the one who initiated the interaction or transaction.

Install Antivirus on Your Computer

Antiviruses will help you scan for not only viruses but other malicious software or malware that hackers may have installed without your knowledge.

Review Account Activities Regularly

Checking your account statements helps you keep tabs on your spending and lets you instantly recognize a charge you didn’t make. 

If you notice an unidentified receipt, immediately report it to your bank to issue you a new card.

Buying Hosting Packages from Scala Hosting

Scala hosting accepts multiple forms of payment. We generate an invoice for services rendered seven days before the next billing cycle. 

If you’re unable to pay and getting an error message saying the credit card was declined, you can try any of these steps below :

  • Ensure you’re filling in the correct card information.
  • Try another credit card
  • Use an alternative method like PayPal
  • Wait for up to 12 hours to try again.

If you can’t troubleshoot your card decline issue using these steps, please lay a complaint to your credit card issuer, as something might be wrong. 

You should also contact us if you want to use other payment alternatives but are unsure how to go about it.

Rado

Author

Working in the web hosting industry for over 13 years, Rado has inevitably got some insight into the industry. A digital marketer by education, Rado is always putting himself in the client's shoes, trying to see what's best for THEM first. A man of the fine detail, you can often find him spending 10+ minutes wondering over a missing comma or slightly skewed design.

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