What is 3D Secure?
In short, 3D Secure was created by Visa and MasterCard to add an additional layer of security for Card Not Present (CNP) merchants. 3D Secure ties the financial authorization process with online authentication based on a three-domain model (3D). The three domains consist of:
- Acquirer Domain (the bank and the merchant to which the money is being paid)
- Issuer Domain (the bank which issued the card being used)
- Interoperability Domain (Visa & MasterCard)
Level 2 & 3 Credit Card Processing
As experts in level 2 & 3 credit card processing, we’ll educate you on what data is needed to get the lowest interchange rates.
- Credit card processing methods fit into three levels: Level 1, Level 2 and Level 3.
- Each level is defined by the amount of information that is required or passed to complete a payment (with Level 1 having the lowest requirements and potentially the highest costs)
- Level 2 and Level 3 card data provides more information for business, commercial, corporate, purchasing, and government cardholders.
If your industry or business encounters a higher rate of credit charge chargebacks than most other retailers, the acquiring banks that accept and approve credit card payments will either freeze the merchant account that collects the funds from credit card payments or sharply increase the credit card processing rate for that merchant. There are many reasons a consumer may file a return item chargeback. There are over 50 chargeback reason codes between all the major card brands, and while the list is too long to cover them all here, we will address what exactly a chargeback is, the most commonly abused reasons for a credit card chargeback dispute transaction, chargeback prevention services, and how to fight credit card chargebacks.