Study Guide
Table Of Contents
- PayPal Certified Developer Program Study Guide
- Contents
- List of Tables
- Online Payment Processing
- Internet Security and Fraud Prevention
- Why Every Business Should Be Concerned About Internet Fraud
- Liability for Internet Fraud
- Internet Fraud: What It Is and How It Happens
- Who Is at Risk for Online Fraud
- Reducing Exposure to Fraud
- What Banks and Card Associations Are Doing to Prevent Online Credit Card Fraud
- What PayPal Is Doing to Protect Your Business Against Fraud
- Disclosure and Compliance
- PayPal Fraud Protection Services
- Review Questions
- Getting Started With Account Setup
- API Credentials
- Name-Value Pair (NVP) API
- Express Checkout
- Direct Payment API
- Transactions
- Sandbox Testing
- Answers to Review Questions
- General Reference Information
- Glossary
- Index
Answers to Review Questions
Chapter 2
A
146 March 2008 PayPal Certified Developer Program Study Guide
7. Select the PayPal payment processing solutions that enable a customer to checkout on the
merchant’s website.
X Website Payments Pro
Website Payments Standard
XPayflo Pro
Payflow Link
Email Payments
Virtual Terminal
PayPal as an Additional Payment Option
8. Select the PayPal payment processing solutions that require API or HTML technical skills
to develop payment processing applications.
X Website Payments Pro
X Website Payments Standard
XPayflo Pro
XPayflow Link
Email Payments
Virtual Terminal
X PayPal as an Additional Payment Option
Chapter 2
1. Indicate if each statement is True (T) or False (F).
T Every merchant is at risk for fraud.
F Correct answer: Internet fraud is more difficult to detect than in the brick-and-
mortar world.)
T Credit card associations hold merchants liable for fraudulent transactions because
the credit card is not physically present during online purchases.
T American Express, Diners Club, Discover Card, JCB, MasterCard International, and
Visa U.S.A. have adopted the Payment Card Industry (PCI) Data Security Standard
developed to protect account and transaction information of cardholders.
F Correct answer: According to Gartner Group estimates, merchants reject an
estimated 5% of all transactions out of suspicion of fraud, while only 2% of
transactions are actually fraudulent. The result is a significant amount of lost sales
(up to 3% of sales volume) in an attempt to reduce fraud risk.