diff --git a/api-reference-v2/openapi_spec.json b/api-reference-v2/openapi_spec.json
index 61cf7b26ac..62d6ba5000 100644
--- a/api-reference-v2/openapi_spec.json
+++ b/api-reference-v2/openapi_spec.json
@@ -19677,7 +19677,6 @@
           "redirect_to_merchant_with_http_post",
           "is_tax_connector_enabled",
           "is_network_tokenization_enabled",
-          "should_collect_cvv_during_payment",
           "is_click_to_pay_enabled",
           "is_clear_pan_retries_enabled"
         ],
@@ -19858,7 +19857,8 @@
           },
           "should_collect_cvv_during_payment": {
             "type": "boolean",
-            "description": "Indicates if CVV should be collected during payment or not."
+            "description": "Indicates if CVV should be collected during payment or not.",
+            "nullable": true
           },
           "is_click_to_pay_enabled": {
             "type": "boolean",
diff --git a/crates/api_models/src/admin.rs b/crates/api_models/src/admin.rs
index 5d3f7c5dc8..f27a09ffe8 100644
--- a/crates/api_models/src/admin.rs
+++ b/crates/api_models/src/admin.rs
@@ -1,7 +1,6 @@
 use std::collections::{HashMap, HashSet};
 
-#[cfg(feature = "v1")]
-use common_types::primitive_wrappers::AlwaysRequestExtendedAuthorization;
+use common_types::primitive_wrappers;
 use common_utils::{
     consts,
     crypto::Encryptable,
@@ -1966,7 +1965,8 @@ pub struct ProfileCreate {
 
     /// Bool indicating if extended authentication must be requested for all payments
     #[schema(value_type = Option<bool>)]
-    pub always_request_extended_authorization: Option<AlwaysRequestExtendedAuthorization>,
+    pub always_request_extended_authorization:
+        Option<primitive_wrappers::AlwaysRequestExtendedAuthorization>,
 
     /// Indicates if click to pay is enabled or not.
     #[serde(default)]
@@ -2256,7 +2256,8 @@ pub struct ProfileResponse {
 
     /// Bool indicating if extended authentication must be requested for all payments
     #[schema(value_type = Option<bool>)]
-    pub always_request_extended_authorization: Option<AlwaysRequestExtendedAuthorization>,
+    pub always_request_extended_authorization:
+        Option<primitive_wrappers::AlwaysRequestExtendedAuthorization>,
 
     /// Indicates if click to pay is enabled or not.
     #[schema(default = false, example = false)]
@@ -2397,7 +2398,9 @@ pub struct ProfileResponse {
     pub is_network_tokenization_enabled: bool,
 
     /// Indicates if CVV should be collected during payment or not.
-    pub should_collect_cvv_during_payment: bool,
+    #[schema(value_type = Option<bool>)]
+    pub should_collect_cvv_during_payment:
+        Option<primitive_wrappers::ShouldCollectCvvDuringPayment>,
 
     /// Indicates if click to pay is enabled or not.
     #[schema(default = false, example = false)]
diff --git a/crates/common_types/src/payment_methods.rs b/crates/common_types/src/payment_methods.rs
index 0a5b79de75..4b05c3747e 100644
--- a/crates/common_types/src/payment_methods.rs
+++ b/crates/common_types/src/payment_methods.rs
@@ -4,6 +4,7 @@ use diesel::{
     backend::Backend,
     deserialize,
     deserialize::FromSql,
+    serialize::ToSql,
     sql_types::{Json, Jsonb},
     AsExpression, Queryable,
 };
@@ -28,6 +29,69 @@ pub struct PaymentMethodsEnabled {
     pub payment_method_subtypes: Option<Vec<RequestPaymentMethodTypes>>,
 }
 
+// Custom FromSql implmentation to handle deserialization of v1 data format
+impl FromSql<Json, diesel::pg::Pg> for PaymentMethodsEnabled {
+    fn from_sql(bytes: <diesel::pg::Pg as Backend>::RawValue<'_>) -> deserialize::Result<Self> {
+        let helper: PaymentMethodsEnabledHelper = serde_json::from_slice(bytes.as_bytes())
+            .map_err(|e| Box::new(diesel::result::Error::DeserializationError(Box::new(e))))?;
+        Ok(helper.into())
+    }
+}
+
+// In this ToSql implementation, we are directly serializing the PaymentMethodsEnabled struct to JSON
+impl ToSql<Json, diesel::pg::Pg> for PaymentMethodsEnabled {
+    fn to_sql<'b>(
+        &'b self,
+        out: &mut diesel::serialize::Output<'b, '_, diesel::pg::Pg>,
+    ) -> diesel::serialize::Result {
+        let value = serde_json::to_value(self)?;
+        // the function `reborrow` only works in case of `Pg` backend. But, in case of other backends
+        // please refer to the diesel migration blog:
+        // https://github.com/Diesel-rs/Diesel/blob/master/guide_drafts/migration_guide.md#changed-tosql-implementations
+        <serde_json::Value as ToSql<Json, diesel::pg::Pg>>::to_sql(&value, &mut out.reborrow())
+    }
+}
+
+// Intermediate type to handle deserialization of v1 data format of PaymentMethodsEnabled
+#[derive(serde::Deserialize)]
+#[serde(untagged)]
+enum PaymentMethodsEnabledHelper {
+    V2 {
+        payment_method_type: common_enums::PaymentMethod,
+        payment_method_subtypes: Option<Vec<RequestPaymentMethodTypes>>,
+    },
+    V1 {
+        payment_method: common_enums::PaymentMethod,
+        payment_method_types: Option<Vec<RequestPaymentMethodTypesV1>>,
+    },
+}
+
+impl From<PaymentMethodsEnabledHelper> for PaymentMethodsEnabled {
+    fn from(helper: PaymentMethodsEnabledHelper) -> Self {
+        match helper {
+            PaymentMethodsEnabledHelper::V2 {
+                payment_method_type,
+                payment_method_subtypes,
+            } => Self {
+                payment_method_type,
+                payment_method_subtypes,
+            },
+            PaymentMethodsEnabledHelper::V1 {
+                payment_method,
+                payment_method_types,
+            } => Self {
+                payment_method_type: payment_method,
+                payment_method_subtypes: payment_method_types.map(|subtypes| {
+                    subtypes
+                        .into_iter()
+                        .map(RequestPaymentMethodTypes::from)
+                        .collect()
+                }),
+            },
+        }
+    }
+}
+
 impl PaymentMethodsEnabled {
     /// Get payment_method_type
     #[cfg(feature = "v2")]
@@ -92,6 +156,35 @@ pub struct RequestPaymentMethodTypes {
     pub installment_payment_enabled: bool,
 }
 
+impl From<RequestPaymentMethodTypesV1> for RequestPaymentMethodTypes {
+    fn from(value: RequestPaymentMethodTypesV1) -> Self {
+        Self {
+            payment_method_subtype: value.payment_method_type,
+            payment_experience: value.payment_experience,
+            card_networks: value.card_networks,
+            accepted_currencies: value.accepted_currencies,
+            accepted_countries: value.accepted_countries,
+            minimum_amount: value.minimum_amount,
+            maximum_amount: value.maximum_amount,
+            recurring_enabled: value.recurring_enabled,
+            installment_payment_enabled: value.installment_payment_enabled,
+        }
+    }
+}
+
+#[derive(serde::Deserialize)]
+struct RequestPaymentMethodTypesV1 {
+    pub payment_method_type: common_enums::PaymentMethodType,
+    pub payment_experience: Option<common_enums::PaymentExperience>,
+    pub card_networks: Option<Vec<common_enums::CardNetwork>>,
+    pub accepted_currencies: Option<AcceptedCurrencies>,
+    pub accepted_countries: Option<AcceptedCountries>,
+    pub minimum_amount: Option<common_utils::types::MinorUnit>,
+    pub maximum_amount: Option<common_utils::types::MinorUnit>,
+    pub recurring_enabled: bool,
+    pub installment_payment_enabled: bool,
+}
+
 impl RequestPaymentMethodTypes {
     ///Get payment_method_subtype
     pub fn get_payment_method_type(&self) -> Option<common_enums::PaymentMethodType> {
@@ -153,8 +246,6 @@ where
     }
 }
 
-common_utils::impl_to_sql_from_sql_json!(PaymentMethodsEnabled);
-
 /// The network tokenization configuration for creating the payment method session
 #[derive(Debug, Clone, serde::Deserialize, serde::Serialize, ToSchema)]
 pub struct NetworkTokenization {
diff --git a/crates/common_types/src/primitive_wrappers.rs b/crates/common_types/src/primitive_wrappers.rs
index d86a060784..a3eee31660 100644
--- a/crates/common_types/src/primitive_wrappers.rs
+++ b/crates/common_types/src/primitive_wrappers.rs
@@ -128,4 +128,46 @@ mod bool_wrappers {
             bool::from_sql(value).map(Self)
         }
     }
+
+    /// Bool that represents if Cvv should be collected during payment or not. Default is true
+    #[derive(
+        Clone, Copy, Debug, Eq, PartialEq, diesel::expression::AsExpression, Serialize, Deserialize,
+    )]
+    #[diesel(sql_type = diesel::sql_types::Bool)]
+    pub struct ShouldCollectCvvDuringPayment(bool);
+    impl Deref for ShouldCollectCvvDuringPayment {
+        type Target = bool;
+
+        fn deref(&self) -> &Self::Target {
+            &self.0
+        }
+    }
+    impl<DB> diesel::serialize::ToSql<diesel::sql_types::Bool, DB> for ShouldCollectCvvDuringPayment
+    where
+        DB: diesel::backend::Backend,
+        bool: diesel::serialize::ToSql<diesel::sql_types::Bool, DB>,
+    {
+        fn to_sql<'b>(
+            &'b self,
+            out: &mut diesel::serialize::Output<'b, '_, DB>,
+        ) -> diesel::serialize::Result {
+            self.0.to_sql(out)
+        }
+    }
+    impl<DB> diesel::deserialize::FromSql<diesel::sql_types::Bool, DB> for ShouldCollectCvvDuringPayment
+    where
+        DB: diesel::backend::Backend,
+        bool: diesel::deserialize::FromSql<diesel::sql_types::Bool, DB>,
+    {
+        fn from_sql(value: DB::RawValue<'_>) -> diesel::deserialize::Result<Self> {
+            bool::from_sql(value).map(Self)
+        }
+    }
+
+    impl Default for ShouldCollectCvvDuringPayment {
+        /// Default for `ShouldCollectCvvDuringPayment` is `true`
+        fn default() -> Self {
+            Self(true)
+        }
+    }
 }
diff --git a/crates/diesel_models/src/business_profile.rs b/crates/diesel_models/src/business_profile.rs
index 94da0f0438..1f7d2b0981 100644
--- a/crates/diesel_models/src/business_profile.rs
+++ b/crates/diesel_models/src/business_profile.rs
@@ -1,7 +1,7 @@
 use std::collections::{HashMap, HashSet};
 
 use common_enums::{AuthenticationConnectors, UIWidgetFormLayout};
-use common_types::primitive_wrappers::AlwaysRequestExtendedAuthorization;
+use common_types::primitive_wrappers;
 use common_utils::{encryption::Encryption, pii};
 use diesel::{AsChangeset, Identifiable, Insertable, Queryable, Selectable};
 use masking::Secret;
@@ -58,7 +58,8 @@ pub struct Profile {
     pub is_network_tokenization_enabled: bool,
     pub is_auto_retries_enabled: Option<bool>,
     pub max_auto_retries_enabled: Option<i16>,
-    pub always_request_extended_authorization: Option<AlwaysRequestExtendedAuthorization>,
+    pub always_request_extended_authorization:
+        Option<primitive_wrappers::AlwaysRequestExtendedAuthorization>,
     pub is_click_to_pay_enabled: bool,
     pub authentication_product_ids:
         Option<common_types::payments::AuthenticationConnectorAccountMap>,
@@ -162,7 +163,8 @@ pub struct ProfileUpdateInternal {
     pub is_network_tokenization_enabled: Option<bool>,
     pub is_auto_retries_enabled: Option<bool>,
     pub max_auto_retries_enabled: Option<i16>,
-    pub always_request_extended_authorization: Option<AlwaysRequestExtendedAuthorization>,
+    pub always_request_extended_authorization:
+        Option<primitive_wrappers::AlwaysRequestExtendedAuthorization>,
     pub is_click_to_pay_enabled: Option<bool>,
     pub authentication_product_ids:
         Option<common_types::payments::AuthenticationConnectorAccountMap>,
@@ -341,7 +343,8 @@ pub struct Profile {
     pub is_network_tokenization_enabled: bool,
     pub is_auto_retries_enabled: Option<bool>,
     pub max_auto_retries_enabled: Option<i16>,
-    pub always_request_extended_authorization: Option<AlwaysRequestExtendedAuthorization>,
+    pub always_request_extended_authorization:
+        Option<primitive_wrappers::AlwaysRequestExtendedAuthorization>,
     pub is_click_to_pay_enabled: bool,
     pub authentication_product_ids:
         Option<common_types::payments::AuthenticationConnectorAccountMap>,
@@ -359,7 +362,8 @@ pub struct Profile {
     pub payout_routing_algorithm_id: Option<common_utils::id_type::RoutingId>,
     pub default_fallback_routing: Option<pii::SecretSerdeValue>,
     pub three_ds_decision_manager_config: Option<common_types::payments::DecisionManagerRecord>,
-    pub should_collect_cvv_during_payment: bool,
+    pub should_collect_cvv_during_payment:
+        Option<primitive_wrappers::ShouldCollectCvvDuringPayment>,
 }
 
 impl Profile {
@@ -425,7 +429,8 @@ pub struct ProfileNew {
     pub payout_routing_algorithm_id: Option<common_utils::id_type::RoutingId>,
     pub default_fallback_routing: Option<pii::SecretSerdeValue>,
     pub three_ds_decision_manager_config: Option<common_types::payments::DecisionManagerRecord>,
-    pub should_collect_cvv_during_payment: bool,
+    pub should_collect_cvv_during_payment:
+        Option<primitive_wrappers::ShouldCollectCvvDuringPayment>,
     pub id: common_utils::id_type::ProfileId,
 }
 
@@ -477,7 +482,8 @@ pub struct ProfileUpdateInternal {
     pub payout_routing_algorithm_id: Option<common_utils::id_type::RoutingId>,
     pub default_fallback_routing: Option<pii::SecretSerdeValue>,
     pub three_ds_decision_manager_config: Option<common_types::payments::DecisionManagerRecord>,
-    pub should_collect_cvv_during_payment: Option<bool>,
+    pub should_collect_cvv_during_payment:
+        Option<primitive_wrappers::ShouldCollectCvvDuringPayment>,
 }
 
 #[cfg(feature = "v2")]
@@ -584,7 +590,7 @@ impl ProfileUpdateInternal {
                 .or(source.payout_routing_algorithm_id),
             default_fallback_routing: default_fallback_routing.or(source.default_fallback_routing),
             should_collect_cvv_during_payment: should_collect_cvv_during_payment
-                .unwrap_or(source.should_collect_cvv_during_payment),
+                .or(source.should_collect_cvv_during_payment),
             version: source.version,
             dynamic_routing_algorithm: None,
             is_network_tokenization_enabled: is_network_tokenization_enabled
diff --git a/crates/diesel_models/src/schema_v2.rs b/crates/diesel_models/src/schema_v2.rs
index d63f6295ea..ad2766c242 100644
--- a/crates/diesel_models/src/schema_v2.rs
+++ b/crates/diesel_models/src/schema_v2.rs
@@ -231,7 +231,7 @@ diesel::table! {
         payout_routing_algorithm_id -> Nullable<Varchar>,
         default_fallback_routing -> Nullable<Jsonb>,
         three_ds_decision_manager_config -> Nullable<Jsonb>,
-        should_collect_cvv_during_payment -> Bool,
+        should_collect_cvv_during_payment -> Nullable<Bool>,
     }
 }
 
diff --git a/crates/hyperswitch_domain_models/src/business_profile.rs b/crates/hyperswitch_domain_models/src/business_profile.rs
index c9e3b4f51f..e20ff18838 100644
--- a/crates/hyperswitch_domain_models/src/business_profile.rs
+++ b/crates/hyperswitch_domain_models/src/business_profile.rs
@@ -1,5 +1,5 @@
 use common_enums::enums as api_enums;
-use common_types::primitive_wrappers::AlwaysRequestExtendedAuthorization;
+use common_types::primitive_wrappers;
 use common_utils::{
     crypto::{OptionalEncryptableName, OptionalEncryptableValue},
     date_time,
@@ -57,7 +57,8 @@ pub struct Profile {
     pub is_network_tokenization_enabled: bool,
     pub is_auto_retries_enabled: bool,
     pub max_auto_retries_enabled: Option<i16>,
-    pub always_request_extended_authorization: Option<AlwaysRequestExtendedAuthorization>,
+    pub always_request_extended_authorization:
+        Option<primitive_wrappers::AlwaysRequestExtendedAuthorization>,
     pub is_click_to_pay_enabled: bool,
     pub authentication_product_ids:
         Option<common_types::payments::AuthenticationConnectorAccountMap>,
@@ -107,7 +108,8 @@ pub struct ProfileSetter {
     pub is_network_tokenization_enabled: bool,
     pub is_auto_retries_enabled: bool,
     pub max_auto_retries_enabled: Option<i16>,
-    pub always_request_extended_authorization: Option<AlwaysRequestExtendedAuthorization>,
+    pub always_request_extended_authorization:
+        Option<primitive_wrappers::AlwaysRequestExtendedAuthorization>,
     pub is_click_to_pay_enabled: bool,
     pub authentication_product_ids:
         Option<common_types::payments::AuthenticationConnectorAccountMap>,
@@ -884,7 +886,8 @@ pub struct Profile {
     pub frm_routing_algorithm_id: Option<String>,
     pub payout_routing_algorithm_id: Option<common_utils::id_type::RoutingId>,
     pub default_fallback_routing: Option<pii::SecretSerdeValue>,
-    pub should_collect_cvv_during_payment: bool,
+    pub should_collect_cvv_during_payment:
+        Option<primitive_wrappers::ShouldCollectCvvDuringPayment>,
     pub tax_connector_id: Option<common_utils::id_type::MerchantConnectorAccountId>,
     pub is_tax_connector_enabled: bool,
     pub version: common_enums::ApiVersion,
@@ -934,7 +937,8 @@ pub struct ProfileSetter {
     pub frm_routing_algorithm_id: Option<String>,
     pub payout_routing_algorithm_id: Option<common_utils::id_type::RoutingId>,
     pub default_fallback_routing: Option<pii::SecretSerdeValue>,
-    pub should_collect_cvv_during_payment: bool,
+    pub should_collect_cvv_during_payment:
+        Option<primitive_wrappers::ShouldCollectCvvDuringPayment>,
     pub tax_connector_id: Option<common_utils::id_type::MerchantConnectorAccountId>,
     pub is_tax_connector_enabled: bool,
     pub is_network_tokenization_enabled: bool,
@@ -1083,7 +1087,7 @@ pub enum ProfileUpdate {
         is_network_tokenization_enabled: bool,
     },
     CollectCvvDuringPaymentUpdate {
-        should_collect_cvv_during_payment: bool,
+        should_collect_cvv_during_payment: primitive_wrappers::ShouldCollectCvvDuringPayment,
     },
     DecisionManagerRecordUpdate {
         three_ds_decision_manager_config: common_types::payments::DecisionManagerRecord,
diff --git a/crates/router/src/core/admin.rs b/crates/router/src/core/admin.rs
index 7bf25e689a..3dd2accbd1 100644
--- a/crates/router/src/core/admin.rs
+++ b/crates/router/src/core/admin.rs
@@ -3946,7 +3946,7 @@ impl ProfileCreateBridge for api::ProfileCreate {
                 .or(Some(common_utils::consts::DEFAULT_ORDER_FULFILLMENT_TIME)),
             order_fulfillment_time_origin: self.order_fulfillment_time_origin,
             default_fallback_routing: None,
-            should_collect_cvv_during_payment: false,
+            should_collect_cvv_during_payment: None,
             tax_connector_id: self.tax_connector_id,
             is_tax_connector_enabled: self.is_tax_connector_enabled,
             is_network_tokenization_enabled: self.is_network_tokenization_enabled,
diff --git a/crates/router/src/db.rs b/crates/router/src/db.rs
index 7c3b74bda4..d98f834e7b 100644
--- a/crates/router/src/db.rs
+++ b/crates/router/src/db.rs
@@ -168,6 +168,7 @@ pub trait AccountsStorageInterface:
     + merchant_account::MerchantAccountInterface
     + business_profile::ProfileInterface
     + merchant_connector_account::MerchantConnectorAccountInterface
+    + merchant_key_store::MerchantKeyStoreInterface
     + 'static
 {
 }
diff --git a/crates/router/src/db/merchant_key_store.rs b/crates/router/src/db/merchant_key_store.rs
index aaeba6085a..0a6fe4c3bb 100644
--- a/crates/router/src/db/merchant_key_store.rs
+++ b/crates/router/src/db/merchant_key_store.rs
@@ -63,7 +63,7 @@ impl MerchantKeyStoreInterface for Store {
         merchant_key_store: domain::MerchantKeyStore,
         key: &Secret<Vec<u8>>,
     ) -> CustomResult<domain::MerchantKeyStore, errors::StorageError> {
-        let conn = connection::pg_connection_write(self).await?;
+        let conn = connection::pg_accounts_connection_write(self).await?;
         let merchant_id = merchant_key_store.merchant_id.clone();
         merchant_key_store
             .construct_new()
@@ -85,7 +85,7 @@ impl MerchantKeyStoreInterface for Store {
         key: &Secret<Vec<u8>>,
     ) -> CustomResult<domain::MerchantKeyStore, errors::StorageError> {
         let fetch_func = || async {
-            let conn = connection::pg_connection_read(self).await?;
+            let conn = connection::pg_accounts_connection_read(self).await?;
 
             diesel_models::merchant_key_store::MerchantKeyStore::find_by_merchant_id(
                 &conn,
@@ -127,7 +127,7 @@ impl MerchantKeyStoreInterface for Store {
         merchant_id: &common_utils::id_type::MerchantId,
     ) -> CustomResult<bool, errors::StorageError> {
         let delete_func = || async {
-            let conn = connection::pg_connection_write(self).await?;
+            let conn = connection::pg_accounts_connection_write(self).await?;
             diesel_models::merchant_key_store::MerchantKeyStore::delete_by_merchant_id(
                 &conn,
                 merchant_id,
@@ -163,7 +163,7 @@ impl MerchantKeyStoreInterface for Store {
         key: &Secret<Vec<u8>>,
     ) -> CustomResult<Vec<domain::MerchantKeyStore>, errors::StorageError> {
         let fetch_func = || async {
-            let conn = connection::pg_connection_read(self).await?;
+            let conn = connection::pg_accounts_connection_read(self).await?;
 
             diesel_models::merchant_key_store::MerchantKeyStore::list_multiple_key_stores(
                 &conn,
@@ -190,7 +190,7 @@ impl MerchantKeyStoreInterface for Store {
         from: u32,
         to: u32,
     ) -> CustomResult<Vec<domain::MerchantKeyStore>, errors::StorageError> {
-        let conn = connection::pg_connection_read(self).await?;
+        let conn = connection::pg_accounts_connection_read(self).await?;
         let stores = diesel_models::merchant_key_store::MerchantKeyStore::list_all_key_stores(
             &conn, from, to,
         )
diff --git a/crates/router/src/types/payment_methods.rs b/crates/router/src/types/payment_methods.rs
index 2f580b7d3e..a47beaecad 100644
--- a/crates/router/src/types/payment_methods.rs
+++ b/crates/router/src/types/payment_methods.rs
@@ -9,6 +9,8 @@ use cards::CardNumber;
 #[cfg(all(feature = "v2", feature = "payment_methods_v2"))]
 use cards::{CardNumber, NetworkToken};
 #[cfg(all(feature = "v2", feature = "payment_methods_v2"))]
+use common_types::primitive_wrappers;
+#[cfg(all(feature = "v2", feature = "payment_methods_v2"))]
 use common_utils::generate_id;
 use common_utils::id_type;
 #[cfg(all(feature = "v2", feature = "payment_methods_v2"))]
@@ -123,7 +125,7 @@ impl VaultingInterface for VaultDelete {
 pub struct SavedPMLPaymentsInfo {
     pub payment_intent: storage::PaymentIntent,
     pub profile: domain::Profile,
-    pub collect_cvv_during_payment: bool,
+    pub collect_cvv_during_payment: Option<primitive_wrappers::ShouldCollectCvvDuringPayment>,
     pub off_session_payment_flag: bool,
     pub is_connector_agnostic_mit_enabled: bool,
 }
diff --git a/v2_migrations/2024-08-28-081837_add_not_null_constraints_to_v2_columns/down.sql b/v2_migrations/2024-08-28-081837_add_not_null_constraints_to_v2_columns/down.sql
index 06b78440d1..6a10d16c5c 100644
--- a/v2_migrations/2024-08-28-081837_add_not_null_constraints_to_v2_columns/down.sql
+++ b/v2_migrations/2024-08-28-081837_add_not_null_constraints_to_v2_columns/down.sql
@@ -3,10 +3,6 @@ ALTER TABLE customers
     ALTER COLUMN status DROP NOT NULL,
     ALTER COLUMN status DROP DEFAULT;
 
----------------------business_profile---------------------
-ALTER TABLE business_profile ALTER COLUMN should_collect_cvv_during_payment DROP NOT NULL;
-
-
 ALTER TABLE merchant_connector_account
     ALTER COLUMN profile_id DROP NOT NULL;
 
diff --git a/v2_migrations/2024-08-28-081837_add_not_null_constraints_to_v2_columns/up.sql b/v2_migrations/2024-08-28-081837_add_not_null_constraints_to_v2_columns/up.sql
index 3641d2bdab..83b9b97cdc 100644
--- a/v2_migrations/2024-08-28-081837_add_not_null_constraints_to_v2_columns/up.sql
+++ b/v2_migrations/2024-08-28-081837_add_not_null_constraints_to_v2_columns/up.sql
@@ -4,9 +4,6 @@ ALTER TABLE customers
     ALTER COLUMN status SET NOT NULL,
     ALTER COLUMN status SET DEFAULT 'active';
 
----------------------business_profile---------------------
-ALTER TABLE business_profile ALTER COLUMN should_collect_cvv_during_payment SET NOT NULL;
-
 -- This migration is to make profile_id mandatory in mca table
 ALTER TABLE merchant_connector_account
     ALTER COLUMN profile_id SET NOT NULL;