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55

I see three possible reasons: He doesn't have a secure way (or any way) to manually enter card details. Most payment terminals have a keypad and can support manual entry (or PINs), but everything else in the ecosystem has to as well. If he doesn't have a way (or doesn't know how) to get the terminal to prompt for manual entry, then that's not an option. ...


52

It means that the merchant (here, a university)'s process is to deceive their processor by falsely submitting the charge as a "CVV2 with Magnetic Stripe failure" transaction. Having the card present during a transaction reduces fraud, so the card issuer and processing network are less likely to incur fraud investigation costs (or even eat the whole charge), ...


42

The Financial Services (Distance Marketing) Regulations 2004 say in Section 11: Subject to paragraphs (2) and (3), regulation 9 does not confer on a consumer a right to cancel a distance contract which is— (a) a contract for a financial service where the price of that service depends on fluctuations in the financial market outside the supplier’s ...


37

This violates PCI-DSS They are only allowed to use security code or fullstripe data momentarily during a transaction. They are not allowed to retain it, even for a minute. Even worse, this form has the fivefecta of the 3 credit card fields, cardholder name and Billing ZIP. That's all you need to plug into most website order forms. This document ...


31

Some (most) credit cards have a way to get a one-time use number. If that is an available option for one of your cards, that is probably the way to do the very risky transaction. These numbers can be good for only one purchase, or for multiple purchases with a single vendor. This will limit your exposure because they won't have access to your entire account....


28

Using the physical card or not are two different scenarios, namely "Card Present" and "Card Not Present" (also known as MOTO as in Mail Order / Telephone Order). They may involve different contracts, different rates, different risks, and different equipment. Some contracts will simply not allow Card Not Present transactions. You need to actually use the ...


27

I've only tried this on the UK HSBC website / updated May 2017 After sitting on the phone for about a half hour I got instructions and want to share them to stop anyone else going through the same rigmarole I did. First, you will need: Your Credit Card Number (the long 16 digit one, no spaces, can be found on the dashboard under My accounts) Your Secure ...


26

The reason that they are asking for it is because they need it in order to process the credit card payment. They are required by their credit card processor to enter it. If you do not provide it, they will not be able to charge your credit card. If you want to pay for this service with your credit card, then yes, you should provide them with this code. ...


25

Buy a prepaid gift card, such as a MasterCard or Visa gift card. You can find them at the grocery store, a pharmacy, or your local bank. Provide this on their online form. If anyone steals your gift card information, you will have already used the funds for your purchase and there is no further risk to you.


17

Here's an excerpt from VISA's Card Acceptance Guidelines for Visa Merchants (PDF) Merchant Name The merchant name is the single most important factor in cardholder recognition of transactions. Therefore, it is critical that the merchant name, while reflecting the merchant’s “Doing Business As” (DBA) name, also be clearly identifiable to the ...


16

Here's one option: Telephone is a lower-tech yet relatively more secure means for transmitting your payment information when a secure web site isn't available. And yet another option: You could send them an encrypted email, but this would require tools (e.g. GPG), setup (public keys), and expertise on their end which they are unlikely to already have. ...


15

In addition to there being no real guarantee on the guarantee page, note that the domain was registered on May 27, 2013, so there's no substantial track record of reliability. Finally, their Terms of Service explicitly note that they are not liable for loss of funds due to system malfunction, unauthorized access, etc. etc. Perfect Money is going out of ...


13

After reading their full guarantee page, it seems that they really don't understand the definition of the word. They don't seem to offer any guarantee, but rather just a list of reasons that they believe their plan is foolproof. Mostly they argue that their lawyers have covered every angle and a lot of big players use them so naturally everyone will respect ...


13

It looks like businesses selling services (like software downloads) from outside the EU to the UK have to register for VAT if the amount of such sales goes over the UK VAT registration threshold: [If] the value of the taxable supplies you make is over a specified threshold [then] you must register for VAT So it seems plausible that this business does ...


12

There isnt such site. Get hold of a Travel agency and inform your friends that this agency will give them a good deal on airfare and hotel stay. Inform the travel agency on the arrangement that you are working out. They have better way to explain to your friends. Pay the difference to the Travel agency. If you hire a reputed agency, they will not cut you ...


12

The US credit system has evolved to have a very healthy appetite for fraud in the name of transaction simplicity. By and large, end users have no fraud liability. Very large merchants may absorb some fraud liability in their negotiations to reduce fees. But overall the US system is concerned with increasing the rate of transactions and keeping them as ...


12

The dispute will not center around whether you gave the CVV number or not. The dispute comes down to whether you received the service contracted or not. In this case, the service was a reservation of the room. There's an opportunity cost for the hotel if they promise their last room to you, and the next person who wants to book the room books elsewhere. That'...


11

Not really. You can promise, but that would not prevent you from actually doing it. The seller can then claim "he promised" to PayPal, but PayPal usually don't care about seller claims, and I assume Google wouldn't either. These companies only care about their bottom line, and do not take any risks, so in case of chargebacks - sellers are usually screwed. ...


10

On Indian cards Verified by visa comes only for Indian sites as RBI has mandated by regulation. However foreign sites need not be governed by Indian laws. Depending on the site you can request for cancellation and get a refund. If you dispute with your card issuer, it would be very difficult to explain what you have said. Edits: Can this be ...


9

These numbers are way for the company to identify the transaction. It's never a bad idea to store them. If you do have to speak with someone again it's often pretty convenient to just give them this number, it allows the company rep to pull up the information fairly quickly. Most of my confirmation numbers are emailed to me so I just hit archive instead of ...


9

Yes, you can pay off your credit card as early as you like, even before the closing date. If you do this, you'll see this payment on your next statement, and the amount due will be adjusted accordingly. And as long as you pay the entire statement balance by the statement due date, you won't be charged any interest. I don't know anything about your ...


9

At the moment, they're allowed to pass on the actual cost of taking a card payment, i.e. typically the charge their card processor makes to them. From January 2018, all surcharges will be banned. http://www.bbc.co.uk/news/business-40648641


9

I had a similar offer recently from a seller from whom I had previously bought a product. They specified that I had to buy a particular product, leave a 5 star review for it and then email them with my PayPal account and they would pay me back the cost of the purchase via PayPal. Obviously there’s a chance this is a scam against the buyer, but I actually ...


9

I gather from your question that you have 2 bank accounts, and your agent (seller who sells assets you owned) posted the proceeds to the wrong bank account, but it’s still your bank account that the money went to. (Frame challenge) Instead or reversing the transaction and taking the risk that the seller doesn’t get it right this time, or that they just ...


8

You're right that someone who, say, photographed the front of your card at the store could use it to make some online purchases. Schemes like Visa's 3-D Secure provide additional online security by having you enter your password on the issuer's website, but they aren't common yet in the US. But as littleadv says, you as the cardholder generally aren't ...


8

according to their client services it is a licensing issue: Thread: OKpay didn't Accept USA clients? They do not elaborate but do suggest that they don't plan to fix that issue.


8

Whether or not you have money in your account will not necessarily stop them withdrawing the money, and it certainly won't stop them attempting to withdraw the money. There are two possible scenarios when they attempt to withdraw the money (as they surely will): The bank refuses the withdrawal: you still owe them the money, you may also owe additional late ...


8

The fact that your credit card has seen the payment is strong evidence that the transaction did in fact take place. But it's not unusual for there to be a delay of one or two business days before transactions show up in your online banking records. Saturday and Sunday are not business days. I bet you will see it on Monday. If it's not there by Tuesday, ...


7

They are going to email you an invoice, and you are required to pay that like any other bill that comes in. 10.6 The Customer shall be billed electronically for the goods and services ordered, and invoices shall be sent to the eMail address he or she has specified. If the Customer also wants paper invoices to be sent, Springer may charge a separate ...


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