Cryptocurrency Q&A How does paying by phone number work?

How does paying by phone number work?

Martina Martina Tue Dec 17 2024 | 6 answers 1595
I've been seeing more and more options to pay by phone number these days. I'm curious about how this payment method actually works. Is it secure? How do they verify my identity? And how do I set it up? How does paying by phone number work?

6 answers

CryptoKing CryptoKing Thu Dec 19 2024
Once the card details and payment amount are verified, the customer is prompted to authorize the transaction.

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KiteFlyer KiteFlyer Thu Dec 19 2024
Phone payments operate through a straightforward process where customers initiate transactions by contacting a merchant or a payment processing entity.

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Daniele Daniele Thu Dec 19 2024
During the call, customers are required to furnish their credit or debit card information. This includes details such as the card number, expiration date, and CVV code.

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Chiara Chiara Thu Dec 19 2024
Additionally, they specify the amount they wish to pay for the goods or services they are purchasing.

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Silvia Silvia Wed Dec 18 2024
Authorization typically involves confirming the payment through a secure pin or password, ensuring that only the rightful cardholder can complete the purchase.

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