{"id":3226,"date":"2023-06-09T08:37:53","date_gmt":"2023-06-09T08:37:53","guid":{"rendered":"https:\/\/threaller.com\/?p=3226"},"modified":"2023-06-09T08:37:55","modified_gmt":"2023-06-09T08:37:55","slug":"credit-card-postal-code","status":"publish","type":"post","link":"https:\/\/threaller.com\/credit-card-postal-code\/","title":{"rendered":"Credit Card Postal Code: Meaning, Significance & How To Locate Them"},"content":{"rendered":"\n
A credit card postal code is a 5-digit unique code that allows merchants to verify the authenticity of a credit card transaction. It is also known as ZIP Code (Zone Improvement Plan Code).<\/p>\n\n\n\n
This code is an essential requirement for making online or in-store purchases. Now that you know what a credit card is, let’s delve deeper into its importance and how to locate them. You will also find out if debit cards feature postal codes and their importance. <\/p>\n\n\n\n
Credit card postal code is one of the several ways merchants verify transactions to prevent fraud. When you provide this code during a transaction, the merchant compares it with the billing address you provided when applying for the card. <\/p>\n\n\n\n
If it matches, it means you are the actual cardholder. Otherwise, the transaction will not proceed. <\/p>\n\n\n\n
Credit card postal code validation also reduces the rate of chargeback for merchants. Chargebacks, which occur when a customer disputes a credit card transaction, can be a significant loss to merchants. <\/p>\n\n\n\n
By requesting a postal code during a transaction, retailers are sure they are dealing with the card’s owner. This reduces the chances of chargebacks.\u00a0<\/p>\n\n\n\n
Aside from confirming or validating the ownership of a credit card, postal codes help business owners identify the location of their customers. This information is always useful for market research and helps retailers prioritize specific regions. <\/p>\n\n\n\n