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credit card processing

creditcards

FIGHTING CREDIT CARD SCAMS

The time has come to challenge the credit card scams? Do we need to prepare for the fight against the credit card the chicane? The main reason for the increase in fraud related to online trading is that traders are in fact left without any means to recognize and ensure that the person they do business with is genuine or not. This occurs because at the time of the transaction neither the card nor the cardholder is physically present.

The following points if followed can help reduce the frequency of such incidents:

Remember to make sure your order form still requires the customer to enter the card verification (CVV) number is printed on the back of their credit card. Make sure the software you use for the transaction exceeds the CVV information processor of credit card.  If you are not sure in spite of that then call the client. You can register to be fooled if you have the right to the person on the phone number that is provided by the customer on the order form. If you do not have the right person or the phone receiver does not recognize the customer be asked to cancel the order.  be alert to high amounts especially when they are done first time a new customer. In addition if the client is scheduled for delivery at night call the customer to verify the contact address.  Make it a habit to examine carefully all the commands to check the omissions if any made by the client. All fields must be filled primarily on the order form.  We know that much of the credit card frauds are unable to go to the AVS. So check the address to the Address Verification Check (AVS) available on your credit card processor to reduce these scams.  Always keep documentation of all transactions online. Make sure that IP addresses date and time of the visit of customers are currently stored by the monks of your basket. This information can be crucial if we end up engaging in a scam probe. It would always be to your advantage to add the number of more information of your customers as possible.  

 

Since you are on official trip, your company would reimburse all your expenses. Its now that your should take this money and put it in any fixed deposit. This should not be very inconvenient as presently there are a wide range of options available to fix deposit the amount for as low as 7 days duration. If your card billing due date is a month far you can easily choose a one month fixed deposit which gives typically little less than 5% interest.

 

Following these tips can not erase these scams but if these points are supported then finally the frequency of such scams can be reduced significantly.
So beware of scams and always use the credit card provider like Power Pay Services they are not only best but also less commissions as compared to other merchant account providers.

Setup a credit card processing merchant accounts to accept credit cards today!

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