Some Actual Facts and Myths Related to Credit Card

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Some Actual Facts and Myths Related to Credit
Card Digitization is the new feature of the
contemporary society. Computers and technology
tend to dominate almost every sphere of the
modern society. One of the glaring examples of
digitization in such a scenario is the online
payment system which is executed by means like
NEFT transfer, payment wallet and debit and
credit based payments.

• However, there are lots of myths related to
  online transactions based on credit card
  payment. Some of the myths have been debunked by
  service providers of Quick Merchant Account
  Online CA and California Credit Card Processing
  Companies. Take a look!
• Revealing CVV number makes credit card based
  transactions unsafe
• The CVV number that you find at the back of a
  credit card is considered as highly
  confidential. Both the banks and service
  providers like California Credit Card Processing
  Companies opine that you must not let anyone
  know about this CVV number.
• But it is simultaneously too impractical to think
  that you remain totally safe when your CVV
  number remains a top secret. Rather, the reality
  is that the

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• hackers can hack your credit card details from
  the card number, card holders details and
  expiry date that they collect from you.
• So, what really matters is which site you choose
  for making your online transactions. Therefore,
  the above statement is a simple myth.
• There is no deal in sharing the password of
  credit card as long as other details remain
  confidential
• A common practice of sharing the password of the
  credit and the debit card is often seen among
  couples, dearest of friends and husbands and
  wives.
• This is totally an erroneous practice because the
  bank officials and credit card providers
  strongly oppose this. They emphasize that you
  actually keep the password as secret as you can,
  or else you make it vulnerable to unauthorized
  encroachments.
• You never know, even the slightest carelessness
  of the people with whom you share your password
  might make things messier than you can actually
  imagine. So, if you believe in the above
  statement then all we can say is that you are
  running behind misconception.
• There is no need to sign at the back of the
  credit card
• If you have not signed the credit card that you
  own, we will ask you to flip it over and do it
  immediately. This is necessary because the banks
  and credit card providers strongly instruct you
  to do so.
• The primary reason for this is that you make your
  credit card secured even when it gets misplaced
  or lost. When you have a sign, the authorized
  institutions can match it with what they see at
  the back of your lost credit card and conform
  that it is your personal property. But if you do
  not do so, it remains vulnerable.
• For more about our service www.quickmerchantacco
  unt.com