Minggu, 07 April 2013

Protecting your Business from credit card fraud

Credit card fraud not only happen to personal cards. Many business owners have already become a victim of fraud on their trading accounts. Because thieves prefer business accounts one reason is that it was believed that business cards with higher limits. Then, they can spend as much as you want with a single card.

Although a credit/debit card comes with protection for the card holder and there is also responsibility for $ 0, the way you use and can even affect your credit score. The impact can be time-consuming to resolve. Protecting your business from credit card fraud means that you need to perform some methods alone. This is especially true if you have an online business. To protect your business from fraud, the following steps may help:

Step 1: Watch out for fraudulent activity.

There are a few things you need to be on the lookout for. These include:

Multiple orders for expensive products
Applicant and several orders from a customer without much range
International orders
Products that rarely are bought in bulk are now be ordered in large quantities
Many scammers will buy various products of max the credit that they stole. Want to learn all you can in a short period of time. Con artists will prey on your online shop, especially if your business is still new. Make sure that you investigate the buyer if the indications given above. In this way, you get to reduce losses due to fraud.

Step 2: Ask for the card verification number on all card payments.

Credit cards have a card verification number (CVN)-the three-digit number found on the back of your card. AMEX cards have four, which are upon the face of the card. Even if you require that the CVN is only a small step, it can still serve to protect against fraud. Only people who have the real card is able to read the numbers.

Step 3: checks Require address verification system.

When looking for a credit card processing company, you should go for one that offers the possibility to control the adapter address and the buyer. Or address verification system AVS determines whether the address provided by the buyer is the same address of cardholder records. If you know the exact location on file, this can be a small protective measure against card fraud to your business.

Step 4: Contact the customer to make sure that he or she actually ordered products from you.

This is actually one of the easiest ways to find out if the actual cardholder has made the order. Scammers rarely answer the phone or you can give a random number. If there is no response, you should leave a message and ask the person to call to verify your purchase.

Step 5: Confirm the veracity of the email address.

Some scammers would create an email address for online purchases in bulk. Free email services, such as those from Gmail, Yahoo and Hotmail are very easy to obtain. For orders placed by individuals in foreign countries, you may not recognize the domain they use. You can do a web search to see if the page seems suspicious. It is important that don’t rely on an email address to find out whether the customer’s purchase is legitimate.

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