As an online merchant, how can I protect my business from credit card fraud? How do I protect myself from stolen credit cards and unethical
How do I protect myself from stolen credit cards and unethical chargebacks?
Most credit card processing providers implement fraud prevention measures such as address verification, CVV2 (Card Security Number Confirmation), and the most recent, 3d in safe hands code.
You can protect yourself by:
"Call the customer to verify the order first until that time any shipping occurs. Fraudsters decree numerous items that they can't keep track of what they purchased online or even remember the information they provided for that transaction."
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You should just funnel adjectives transactions through yoru bank
Answers:
The bottom file is that you CANNOT protect yourself 100%.
When the card is not presented in a obverse to face transaction, the merchant assumes the risk for a chargeback, regardless of nativity method or proof of delivery, address check, CCV or anything else. Domestic or foreign. Phone lay down, mail demand, internet order.
Read your merchant agreement meticulously. It is a risk and a cost of doing business.
A lot of companies are interested surrounded by the topic. I would consider joining a local business group since that's a topic they'd probably address at a "learning luncheon." Your dune should be a source of info. See also:
http://www.auctionbytes.com/cab/abu/y203...
http://www.directleap.com/fraud-preventi...
From VISA: http://www.visafulfillment.com/visamerch...
From MasterCard:
http://www.mastercard.com/us/merchant/se...
First of adjectives, set your online business up as an https instead of an http- for example- https://www.yourwebsite.com. This gurantees merchant providers there are not phishing programs running on your site. You should also work beside a merchant provider that lets you use their online system close to Chase Paymentech, they offer option that require customers to give the three digit deposit code on the back of the card. Also, contained by the banking world we commit to KYC, Know Your Customer. Impliment similar policies to your business to prevent further issues.
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