When you add SecureCode to your website checkout, you can start processing payments from customers overseas who use Maestro cards owned by Mastercard. This factor can potentially help you expand to Europe and other countries abroad where shoppers use debit cards much more frequently than credit. In countries like Germany, Maestro has replaced the Eurocheque system. All of this gives you extra reach when it comes to processing payments.
Now more than ever, payment security is the subject of much focus and debate. While customers expect things to be streamlined and convenient, the truth is that they also expect their data to be secure. In a world where the cost of fraud continues to increase, adding solutions to protect everyone involved makes sense— especially when they involve no extra costs for you or your customers.
While it may take a few extra moments for a customer to enter in their personal code, authenticating their identity can prevent fraud and save everyone a lot of heartaches and headaches. The truth is that merchants are the ones that shoulder the cost of chargebacks and fraud, so finding better solutions to protect yourself, your time, and your sanity is a very smart business move. However, not all eCommerce processors are the same. Some have robust solutions that keep up with the current threats, and some lag behind.
We have a plethora of resources for you here at Merchant Maverick. If you want to find a better payment processor that specializes in online businesses, we recommend checking out our post, How To Choose An eCommerce Merchant Account. Visit Site. Read Review. These wholesale fees vary depending on the card, but the average is about 1. By separating out this unavoidable wholesale cost, you can ensure that you are not being ripped off on the markup. This is why we recommend interchange-plus pricing.
We've done in-depth research on each and confidently recommend them. Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. No actual info that states procedure for obtaining a secure code. Great question! I hope that helps! Dear customers representatives: We are looking for more information because we want to get the affiliate to get the secure 3D program, but We need to know the price and the process to do.
Could you help me, please? If you are a business owner who is looking to find out more information about offering the 3D secure program, the best thing to do is call your current processor, as they may already be offering this technology.
And as mentioned in the post, many processing companies, including Stripe , offer an extra layer of authentication through 3D Secure as a security protocol that bundles Mastercard SecureCode with the Visa equivalent, Verified by Visa. Hope this helps and best of luck! If you are asking as a merchant, we outline some tips within our post to get you started. Your email address will not be published. Comment moderation is enabled. Your comment may take some time to appear. Please read the " User Review and Comment Policy " before posting.
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But what the heck is SecureCode? The Claim : Mastercard SecureCode ostensibly comes with these benefits: Reducing fraud Guaranteeing e-commerce payments Reduced chargeback risk to merchant Improved cardholder confidence With online payment security an ever-present concerns for both online shoppers and merchants alike, these Mastercard SecureCode claims deserve a closer look.
Bio Latest Posts. Emily is a content and social media strategist based in Indianapolis. She enjoys discovering new topics and planning content that empowers small business owners to make better choices for their businesses. When she's not in the thick of doing research for Merchant Maverick, she likes painting, meandering through nature and spotting wildlife, or relaxing with her rescue pup, Jetta. Latest posts by Emily Hale see all. Show more. Show less. See more information.
Read Next. Leave a comment 8 Comments Responses are not provided or commissioned by the vendor or bank advertiser. Jack Hudkins September 11, at pm. Jessica Dinsmore September 30, at pm. Hi Paula, Great question! Robert Pena December 18, at am.
How do I get my secure code Reply. Margarita Arguijo August 23, at pm. We decided to devote today's issue to giving you specific steps you can take to protect yourself from security breaches such as this MasterCard security alert. The largest security breach to date occurred late last week when 14 million MasterCard and 22 million Visa credit card numbers were hacked.
Up to 40 million credit card users may now be at risk of fraud from their MasterCard, Visa and other credit cards. The security breach took place at CardSystems Solutions, a third-party transaction processor for merchants and financial institutions.
It appears that the breach was caused by a hacker who gained access to CardSystems' database and then installed a virus-like script that captured customer data. The F. According to MasterCard, names, credit card numbers, expirations dates and the three or four digit credit card security codes were stolen.
Social Security numbers, birth dates or other highly sensitive personal data were not part of the security breach. MasterCard said that only 68, of the MasterCard, as well as some other credit card providers, have zero-liability policies, so consumers who find unauthorized charges made on their credit cards will not be responsible for paying for the charges.
This security breach is simply the latest, albeit the largest, in a long line of breaches reported this year. Since there have been a relentless string of security breaches -- both online and offline -- this year, we offer 7 specific suggestions of things you can do to help protect yourself from credit card fraud and identity theft:.
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