Why do some online payment processors require the CVV code and others don’t?
In: Technology
Two main reasons.
You can process a payment without a CVV but there’s a higher degree of fraud. Bigger companies may accept that risk because it’s still a small percentage of their overall payments. Smaller companies like mom and pop stores will suffer badly with a fraud payment so they absolutely need the CVV.
Also some nasty websites will store the CVV after the first time you use it, and provide it automatically. However this is a MASSIVE risk and they may get shut down or fined over it. There’s an entire audit process called PCI around this.
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