What are Credit Card Validators and How to Use Them?
24 September 2022
A credit card validator is an effective tool for checking the validity of credit cards. It helps validate the authenticity of a credit card used to make online purchases. Entering the credit card number and the name of the issuing bank in the credit card validator tool would confirm and verify the credit card within seconds. This blog helps you understand how to use a credit card validator tool. Read on!
What is a Credit Card Validator?
A credit card validator is a tool that checks the validity of a credit card. And, credit card validation refers to the process of verifying the authenticity of a credit card and it bears great significance.
When a credit card is issued to you, it has a specific validity period. When the validity period of the credit card gets over, you will not be able to use it to make transactions.
A credit card contains a collection of several items of metadata. These include:
Credit cardholder’s name,
Only the issuing company of the credit card knows the algorithm for verifying the validity of combinations of the metadata. More importantly, credit cards must be verified with the issuing company for the purposes of payment.
How Does a Credit Card Validator Work?
The credit card validator checks the Issuer Identification Number (IIN), Personal Account Number (PAN), Major Industry Identifier (MII), Luhn, and Checksum Validation of the credit card details that you have entered. The credit card validation tool applies an algorithm to the credit card number you have entered for verification. It helps in determining several characteristics of credit cards. When you enter your credit card number on an online credit card validator and if the number does not match any known formats, the system shall mark it as rejected.
You can follow the below steps to check the validity of your credit card number with an online credit card validator tool:
Step 1: Enter the credit card number into the provided field of the tool you are using
Step 2: Once you have entered the credit card number, click on the validate button
The online card validator will show you whether you have got a valid CC number
How Can Merchants Validate Credit Cards in 7 Simple Steps?
Merchants must confirm the validity of the card and the cardholder while accepting payments. It’s the surefire way of protecting your business against fraud. As a merchant, you can validate the credit card of a customer while accepting payment in these 8 steps.
Step 1: Swipe the card at the PoS (Point of Sale) machine. You must avoid key-entered transactions as much as possible as these are highly prone to errors, levy a high interchange fee and limit the ability to verify payments
Step 2: Complete the payment only when you have received approval for your request to authorize the transaction
Step 3: Ensure that the account number embossed on the card is the same as the one encoded in the credit card’s magnetic stripe
Step 4: Avoid accepting expired credit cards
Step 5: Check the electronic warning notice or bulletin. Make sure to not proceed with completing the transaction if you have received a positive response unless the issuer has authorized the payment
Step 6: Check the four-digit number in the signature section of the credit card. It should completely match the last four digits of the account number present on the front of the credit card
Step 7: Check the signature on the credit card. The credit card must be signed by the owner to be valid. You must ask for a different mode of payment if the customer refuses to sign on the credit card
A credit card validator proves quite beneficial in checking the validity and authenticity of your credit card. These tools can also help you check whether you have a valid CC number. However, you must always confirm the limitations each of these tools might present. Most online credit card validation tools might also require you to register before you can check the validity of your credit card number.
Q1. Can a credit card number validator help me?
Ans. Yes. A credit card validator can help you verify the validity and authenticity of your credit card in a few clicks and no time.
Q2. Can I check the validity of my credit card number manually?
Ans. Yes. You can use the Luhn Algorithm to manually check the validity of your credit card number. It’s not as complicated as it sounds and you can do it in just a couple of minutes.
Q3. How can I check if a credit card number is valid?
Ans. Though a credit card validator is an available option, you can simply call customer care service. It’s the easiest and most direct way of checking the validity of your credit card number. You can find the customer care number on the back of your credit card.
Q4. How does the Luhn Algorithm work?
Ans. As part of this process, the algorithm applies a series of computations to the credit card number you have provided, adds up the results, and checks whether the resulting number matches the expected value. It establishes the validity of the credit number if it matches.
Q5. What does verifying your credit card mean?
Ans. It ensures that the credit card you are using to make a purchase belongs to the person presenting the credit card. The use of credit card validator tools to authorize purchases is paramount. It can help you safeguard your eCommerce business and your customers’ data.
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Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
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