Pablo Picasso says “I’d like to live as a poor man with lots of money.” I love this quote. Your money is always movable if it is physical or virtual. We earn money to live a happy life. But, simplicity is an asset. No matter how much money you earn, leading a subhuman life is necessary. However, drop you a small knowledge light, let’s get to the main topic. Today’s topic is “How to Transfer Money with Only Card Number and CVV”. Let’s explore the most asked questions in our forum.
What is a Card Number?
A card number is a set of numbers displayed on the front and back sides of your plastic credit card. Normally credit number digit 15-16. But sometimes it could be 19 digits or 13 in some cases. Each number has a universal meaning. These numbers are used to identify card issuers and account holders.
What is a CVV Number?
CVV or Card Verification Value is a credit or debit card 3 digit number often seen on Mastercard®, Visa Card®, Discover Card®. A CVV number is mandatory to complete online transactions. You should never share this number with anyone. This number is automatically generated by banks and financial institutions for specific account holders.
What is an Expiry Date?
An expiry date is the ending period of a card. Generally, it is found on the card written as XX/XX (month and year). For example, if your card expiry date shows 12/20. That means you can use this card at the end of December 31, 2020. After this, you have to renew it to expand the period. Typically, a card expiry date is set for two or three years only.
Is it Possible to Transfer Money with Only Card Number And CVV?
I have to answer this question with No/Yes. Both are correct answers. Let’s explain the “No”
According to Bank guidelines and policy, Two-factor verification is a must for successful transfer. Almost all banks, organizations, e-commerce websites, and POS machines require to put a card number, CVV, Expiry date. After all, account holders need to input the OTP code from the message to complete the transfer. That means behind the Card number, CVV, you must know the expiry date and OTP (One Time Password).
In some cases, you need to verify yourself by entering your Full Name, Billing address, National ID, Passport, Driving License, etc. In this generation of fraud, banks have improved their systems a lot. They verify this information and identify an account holder.
When can you transfer money with only card number and CVV? In this question, region and area restrictions matter. Suppose, in India, they don’t allow transfers of money without expiry date and actual information of account holder while US residents can bypass this step.
Company, Organization, E-commerce store, which stands outside of India, may be located in the USA area and don’t need OTP. So the answer is International transactions don’t require OTP for transactions if they get CVV and card numbers.
Final Info: Besides, CVV and Card number you need to know about the expiry date to complete the transfer. That means the Expiry date is a must. Also for national transfer, you need the OTP code and other details mentioned before. For the International transfer, you don’t need OTP but CVV, Card Number, and Expiry date must.
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5 Useful Tips to Protect Your Card and CVV
- Never share a photo of a credit card on social media
- Blank the security code to reduce the risk of online fraud
- Limit the transaction charge
- Keep it in a secret place
- Don’t use the card on an unfaithful or suspicious website
We are a part of the new generation, if I compare it to the 90’s century, everything changed. Now we can transfer money easily with a simple credit card but at that time, it was out of our minds. However, I have outlined “how to transfer money with only card number and CVV”. Now you understand not only card numbers and CVV can make your transfer successful, but you also need expiry data and OTP.