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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! |