Introduction
At PayPal, we understand how important it is to keep your business safe. That’s why we’ve invested in several features that can help protect you from fraud, identity theft and credit card misuse. We’ve also partnered with Visa and MasterCard so that you can continue to accept payments from customers without having to worry about the safety of their information or how secure it is when entering their payment details into your website.
Protection from fraud
PayPal Merchant Account has a number of fraud prevention tools that can help you protect your business transactions. PayPal’s fraud prevention tools are designed to keep you safe, as well as your customers.
These security features include:
- Address Verification System (AVS) checks – this tool monitors the credit card billing address entered in the payment process against the information on file with the issuing bank. If there is not an exact match, an AVS mismatch warning will appear onscreen and inform you that additional information may be required before completing payment.
- Card Security Code (CSC) checks – this tool compares three-digit CSC numbers printed on Visa, MasterCard and Discover cards with those transmitted by merchants during authorization requests; if they don’t match up then there may be potential issues with either the card itself or how it was used online which might indicate potential fraudulent activity occurring at this point
Fast and easy checkout
PayPal Merchant Account payments are processed immediately. You can accept payments from buyers without a PayPal account, or even those who don’t have a credit card. If you have an opportunity to offer your customers a better experience, we’ll help you do it.
Verified by Visa and MasterCard Secure Code
Verified by Visa and MasterCard Secure Code are two of the most popular payment protection programs in use today. With these services, you can help ensure that your business is protected from fraud by verifying every transaction with a unique code that’s sent directly to your customer’s phone.
Both Verified by Visa and MasterCard Secure Code are free to use–and there’s no cost for allowing customers to use them at checkout!
Fraud protection
PayPal Business Security protects you from fraud by providing multiple layers of protection. If you think that a transaction may be fraudulent, we encourage you to report it immediately so that we can work with law enforcement and the seller on your behalf.
If the seller refuses to cooperate or if their account is suspended, PayPal will generally refund the buyer’s purchase price in full within 30 days of resolution of their claim (or sooner).
In addition to these protections for buyers, there are also steps that sellers can take themselves to help protect against fraud:
- Check out your customers thoroughly before accepting payments through PayPal; if something looks suspicious about them or their order history–or if they only communicate via email–it might be worth asking them for more information or waiting until they provide proof of identity before shipping goods out.*
Seller protection
As a seller, you can get protection from PayPal if your buyer doesn’t pay. You may be eligible for a refund or reimbursement of the full price of their purchase if they:
- Don’t pay for an item that has been shipped to them (including international shipments).
- Don’t return an item that was sold and shipped back to you as instructed by PayPal’s buyer protection policy.
If you think your transaction may qualify for seller protection, contact us at 1-855-712-2055 or resolve@paypal-business.com
Use PayPal’s business protection features to keep your business safe.
PayPal is a trusted payment processor, a leader in online payments and one of the most secure ways to accept credit cards. As a business owner, you need to know how PayPal Business Security features can help protect your business.
When you accept payments through PayPal Merchant Account, you’ll have access to several security features that help prevent fraudsters from accessing customer account information or making unauthorised purchases with their credit cards. These features include:
- Address Verification System (AVS) – Detects whether or not the billing address provided by customers matches with what’s on file at their financial institutions;
- Card Security Code (CSC) – Helps ensure that the customer has possession of his/her card before completing an online purchase;
- CVV2 – Checks for potential fraudulent activity by verifying three digits located on backside of Visa/MasterCard/Discover cards;
Conclusion
PayPal’s business protection features are designed to help you keep your business safe. They give you the tools and security measures needed to ensure that transactions happen safely, quickly and easily. With PayPal Business Security, you can protect yourself from fraud and identity theft by verifying your customers’ identities before accepting payments through their Verified by Visa or MasterCard Secure Code services. You also have access to Seller Protection if something goes wrong with an order placed on your website–which means that PayPal for business will cover some of the losses associated with unauthorized transactions made with stolen credit cards!