Our store accepts payments from all the major payment providers such as Mastercard, Visa, American Express, PayPal Express, Shop Pay, Apple Pay and Google Pay. As such, all securities and encryptions come as standard. Through Shopify Payments, we have enabled fraud analysis checks with every transaction, which automatically advises of any potentially fraudulent activity. Shopify's fraud analysis provides indicators for each order. These signs are used to investigate an order deemed suspicious or flagged as fraudulent. The indicators can include information such as:
- whether the credit card used for the order passes AVS checks
- whether the customer provided the correct CVV code
- details about the IP address used to place the order
- whether the customer has tried to use more than one credit card.
What is AVS and CVV?
- Address Verification System (AVS) - AVS compares the numeric part of the customer's billing address and zip code or postal code to the information on file with the credit card issuer. This helps reduce a significant amount of fraud because unauthorized users often don't have the correct billing address.
- Card Verification Value (CVV) - The CVV is a 3-digit or 4-digit number on the back of the customer's credit card. Credit card companies prohibit the storage of the CVV code, so asking for the CVV is a way of ensuring that a customer has the card physically in their possession. Credit card information stolen from a merchant database is also less useful because it shouldn't contain CVV information.
If you require more information on the above, please feel free to reach out to us. We would be only too happy to hear from you! firstname.lastname@example.org