Verifying Payment Methods

[Gavin Carter]

How do payment processors verify payment methods?

 

[Clara Harris]

If it's card payment, they use CVV which is the 3 digit code behind a credit or debit card.

 

[Owen Wilson]

Bank transfers deposit small amounts to their customer's account to ensure that it's still active and valid.

 

[Gavin Carter]

I see there are tons of type of verifying payment methods.

 

[Clara Harris]

I see there are tons of type of verifying payment methods.

Yup OP, it depends on the type of payment method. They all have different verification method.