Few Tips to Avoid Credit Card Processing Fraud

Whether your business is small or large, credit card processing can bring a howling change to your business. Obtaining a merchant account for credit card processing is an easy process. For new businesses online it is always feasible to open a merchant account produced by the Power Pay Service immediately with so many merchant account companies around every corner. But opening credit card processing requires some caution. There have been some instances of fraudulent activities in online transactions. No, this is not a discouraging step to keep you away from credit card processing, but words of caution to avoid frauds.

You open merchant account produced by the Power Pay Service and spend lot of money on it to keep it active, efficient and perfect for easy transactions for online sales. Indeed credit card has empowered people to buy almost everything over the internet and the importance of credit card processing can never be underestimated. But this world is like that only – mix of good and evil. You have to avoid the evil forces in your online transactions too; that is keeping your merchant account intact without loss of your sales money.

According to reports issued by the U.S. Federal Bureau of Investigation (F.B.I.) in conjugation with the Internet Crime Complaint Centre (IC3) there has been a rise of credit card and debit card fraudulent activities in recent times. Hence merchants who are into credit card processing are required to keep an eye on such transactions. If you wish to keep your merchant account safe, you can follow the following simple tips. These tips will help you avoid frauds and their activities.

Review Orders Carefully: You must ensure that the customer who is willing to buy your product fills all the required entries in appropriate order in the order form. Make sure that the order has communicated your credit card processing address verification check (AVS). Credit card fraudulent transactions fail to pass AVS. Always keep in mind to check this process.

Be Suspicious of different addresses: If you find orders having different billing address and shipping address, get alerted unless it is some one who is your existing customer. This has to be dealt carefully to avoid hassles.

Look out for Free Email addresses: Majority of frauds who try to carry on activities to harm your merchant account use free email addresses. The scammers use free addresses from email providers like yahoo, Hotmail and others.

Keep Transaction Documentation: Make sure that your shopping cart has the idea to store IP addresses of customers who visit your site along with time and date. This information can help you when there is fraud investigation and if the customer makes telephone conversation, try to get the caller ID information as well.

First Time High Order: If a customer is new to your site and all of sudden he or she orders unusually high orders and request your quick and overnight delivery, scrutinize his order form properly and make a mark of his addresses well, phone numbers and other information. If you have doubt call the customer to confirm his order. If you feel suspicious cancel the order.

CVV: Always make sure that your customer enters the card verification value (CVV). It is important to note that the software passes this value along with your credit card processing. If you have CVV this means that the cardholder is genuine and not someone who stole the number from some where.

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