Whether you’re sending your money to a family member or making an online payment to a merchant, keeping yourself and your money safe is vital. Your CVV confirms that you're in possession of the card you're making a payment with.
What is a CVV?
A CVV (Card Verification Value) is a security code on the back of your debit or credit card that helps protect you from fraud. It’s used to prove you’re in possession of the debit or credit card you’re using, and helps protect your account if your card number should fall into the wrong hands.
Your CVV is also known by other names, including:
Card Security Code (CSC)
Card Verification Code (CVC)
Card Validation Code 2 (CVC2)
Card Identification Number (CID)
What’s the difference between CVC1 and CVC2?
The CVC1 is the card validation code encoded on the magnetic stripe of the card. This code is not visible and is unique to your card. The CVC2 is the same as the CVV; it’s the three digit number printed visibly on the back of your card.
Where to find your CVV
Your CVV is printed on the back of your card. It’s usually a three digit number, but with American Express, it’s a four digit number. Each CVV is unique to the card and account holder, and will change if you get a new card.
Your CVV is not your PIN
It’s important to note that a CVV is not your Personal Identification Number (PIN). You should never provide your PIN when paying for something online.
How to send money without a CVV
If you want to make an online payment with your card, you'll usually need your CVV to process the payment. However, if you’re using a money transfer service, there may be some equally secure alternatives that you can use instead. These include:
Using a peer-to-peer (P2P) payment service
Making a bank transfer
Sending cash
Using a P2P payment service
If you're making a purchase online, you could use a peer-to-peer payment app like PayPal. To do this, you'll need to have a card or bank account linked to your PayPal account.
Many online retailers offer PayPal as a payment option, meaning you simply need your email and password to verify the purchase. Just log in to your PayPal account and you won't need to enter your card details into the retailer’s website.
Does PayPal require a CVV?
When you're first linking your card details to your PayPal account, you will need to provide:
Your CVV
Your 16 digit card number
The expiration date
Alternatively, you can link your bank account to your PayPal account, which will require your bank account number and branch/sort code. Once you’ve linked these details, you won’t need to provide your CVV number for online transactions when using PayPal; these details will already be stored.
Sending money by bank transfer
Another alternative is to pay for your money transfer by bank transfer. This way, the funds will be drawn directly from your bank account rather than your card. You'll need to provide the following information to send money by bank transfer:
Your name
Your bank account number and sort code
The bank details of the account you want the money to be sent to and the name associated with this account
Sending money as cash
Another option is to send your money in cash. A few money transfer providers like Western Union and MoneyGram allow you to make transfers in cash. Your recipient can then pick the cash up from a pickup point, collect it at their house (in the case of home delivery), or receive the funds directly into their bank account.
Of course, if you are looking to send money electronically, this isn’t going to be the best option for you.
How a CVV protects your account
A CVV is an extra layer of security that increases the likelihood that it’s you making the payment. Requesting a CVV makes it harder for fraudsters to authorize payments with your card details if they don’t have the physical card with them.
Key benefits of using a CVV code when sending money
There are some key benefits to using a CVV code when making an online purchase. These include:
Protection against fraud
If someone gains access to your card details, they won’t be able to make a payment without your CVV.
Merchant’s can’t reuse CVVs
When you’ve made a purchase with a merchant, they may allow you to store your card details with them online. Merchants are not allowed to store your CVV. This helps stop you from overspending accidentally, and prevents merchants from using your card without your authorization.
Stores that don’t need a CVV
As it’s only an optional additional security measure, not all need you to provide a CVV to buy something. Some well known names that don’t need a CVV include:
Amazon
Apple Pay
Google Wallet
PayPal
Walmart
Target
Stores like these allow you to transfer money over using only your card number, and not your CVV.
Why some stores don't need a CVV for card payments
Most stores that don’t need you to provide a CVV when you make a card payment have other layers of security in place. These may include:
Address Verification System (AVS)
This cross-references your address and compares it to the address on file for the card.
Bank confirmation
The store may send you to your banking app so you can verify your payment remotely.
External payment apps
External payment apps like PayPal, Google Pay, and Apple Pay have your card details stored on file. To verify your payment, you just need to log in to your account; you don’t need to enter your CVV again.
You may also find that some larger retailers simply have a higher risk tolerance than others. They could potentially be prepared to absorb the costs of potential fraud and chargebacks, but this does not make it safer for you. If you’re paying by card, entering your CVV helps protect you from potential fraudsters.
CVVs - An extra layer of protection for your card payments
CVVs are an important layer of security. They help verify your identity when making payments online, adding another layer of protection should your card details fall into the wrong hands. This is why your CVV is often an essential requirement when making an online payment and sending money.
For international money transfers, the best way to avoid using your CVV is to send money via a bank transfer with a money transfer provider. This means you won’t need to provide your card details.
FAQs
How do thieves use stolen debit cards?
Do credit card thieves get caught?
Is it safe to give PayPal my CVV?
Can someone use my debit or credit card without the CVV?
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