Will 3D Secure and AVS help reduce fraud transactions on my CBD oil Merchant account?

QuestionsCategory: CBD Merchant AccountWill 3D Secure and AVS help reduce fraud transactions on my CBD oil Merchant account?
Bankim Chandra Staff asked 4 weeks ago
1 Answers
Bankim Chandra Staff answered 4 weeks ago

These two security filters can certainly help CBD oil merchants in reducing the risk. Merchants can extend the life of the account. Let’s look at each factor in detail and understand how it can benefit a CBD oil merchant like you.

  • AVS for CBD Oil Merchant. AVS stands for Address Verification Service. With this filter switched on at the gateway the transactions will only go through if the address submitted by the customer matches with the address listed at the card issuer. This will ensure that the cardholder is possibly the real cardholder. This will reduce fraud transaction and protect your CBD payment gateway from moving beyond the approved risk ratio.
  • 3DS. It stands for 3D Secure payment. With this filter switched on the cardholder will get a one time password on registered mobile or email. This way, the merchant can avoid fraudulent transactions.

With these filters, the merchant may see some decline in transactions. It’s better to process low-risk orders then risk the stability of the merchant account. As a consultant, we can say that accounts that utilise AVS and 3DS filters stand a better chance of stability than those who don’t use these two filters.
Happy Processing