Tokenization is not a hidden cost.
Payment tokenization is a security technique that replaces sensitive payment information, such as credit card numbers, with a unique, random set of characters called a “token.” This process helps keep payment data safe during transactions, because the actual card information is not being used or stored. If someone were to access the token, they wouldn’t be able to use it to make fraudulent purchases since it doesn’t contain the real payment details. By using tokens instead of actual card information, businesses can provide a secure and seamless payment experience for their customers while reducing the risk of data breaches and fraud.
Tokenization offers significant advantages for various types of businesses that handle sensitive payment data.
These include:
Ecommerce retailers
Tokenization helps safeguard customer payment data and reduce the risk of breaches or fraud in online transactions.
If the attempt to load the card the first time does not work there are prompts that pop up on your screen to indicate to you what the issue and or error could be.
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