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When paying for your online purchase, you will need to enter your method of payment. Select "debit/credit" or "credit" if your card is a Visa, MasterCard, Discover Card, American Express or other accepted card. Your payment is usually made following the same method used for credit cards. You will be asked what type of card it is, such as Visa or MasterCard, as it will be processed through their networks like a credit card. Enter your card number and provide your expiration date. You will be asked for your security code or Card Verification Value (CVV). Enter your name and address the same as it appears on your bank statement.
Finding Your CVV
When making an online payment, it might be the first time you have been asked for the CVV or card security code. This is a three-digit number on most cards and can be found on the back of your card where you sign it. On exception is American Express, which uses a four-digit number that is found on the front above the last few digits of your card number.
Benefiting from Debit
When you use your debit card online to pay using a network such as Visa or MasterCard, you are protected by the benefits offered by the network. For example, both Visa and MasterCard offer zero liability protection, meaning that you won't have to pay for charges you didn't authorize. Most debit cards also offer fraud monitoring so suspicious activity will be flagged and your card
may be frozen until you can be contacted. Check with your bank about other benefits that are specific to your card.
Take security precautions to protect yourself from online fraud when using your debit card. Save your receipts or keep records of any online purchases you make and compare them with your bank statement regularly. If you suspect fraudulent activity on your account, notify your bank immediately. The Federal Trade Commission warns consumers to act fast. as doing so will limit your personal liability. If you report fraud within two days of noticing it, the maximum you can be liable for is $50. The United States Computer Emergency Readiness Team recommends online shoppers protect their computers from viruses and they make sure websites or online stores are legitimate. Do not give your payment information to a store that only looks legitimate -- when it doubt, consider purchasing from another retail site.
Paying Recurring Bills
Many of your monthly bills can be paid with your debit card automatically. For example, both Sprint and DIRECTV offer this service, as do most major companies you likely do business with. To set up this service, you typically log into your customer account. For example, Sprint users can log in and select the "Autopay" tab, choose "Add new debit card" and enter the debit card information. Users must agree with the terms and conditions to authorize the payment. Most companies allow you to choose the date you want to pay, or you can choose to pay on the due date.