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Several online providers use multiple payment methods, to improve the chances of a sale final. With several payment options, a very good idea, and the potential is if you sell products or services online, but be careful, your own credit card payment processing can be dangerous, also be financially crippling the new dealer.
Accept payment methods, such as PayPal offers peace of mind through security checks, which was an online retailer to ensure the purpose of payment of the financial owner, such as an address confirmation and a verification process to ensure that PayPal users are legitimate allowed. This service can be very helpful, but PayPal is generally more expensive on a per-transaction basis use to mention all of lose additional funds on international currency exchange can be expensive for the average user of PayPal. I have PayPal personally for several years and they have changed policy management, site features, Fund holds and more far too many times in convinced to keep with them as sole processor. I have other credit card processors. The prices are per transaction usually more aggressive and if you find the right, are pretty good fraud prevention tools for the most part, but a large amount of fraud on a daily basis, you must consider several points in the cards directly process.
The following are some good tips you ensure a fraudulent transactions when processing credit card payments on your own your chances to send and receive a credit card charge back are minimal.
1. Never ship to an address that does not correlate with the buyers of billing address. Make sure that the credit card processor, the you are viewing, service provides an address to the review (most do). You have usually a legend of the letter (sometimes quite randomly), make available to the details of the order. For example, if an order to one of my websites in I clearly see if an address match. If not, I immediately the transaction invalid.
2. Always keep track of IP addresses and verify each order. Most online processors clearly shows the shopper IP address. Make sure that from an area in which you are the shopper IP address to send. Also confirm that the IP address used is the IP address used to place the order, create an account with your site. If possible use fraud of prevention tools, your processor can provide, was to high to block countries. I will not to the highest was countries, that information is readily available, online to do a quick Google search. I can say that 90% of fraud, which has come through on my websites come from Africa or Venezuela.
3. Void of a transaction, as soon as you can if you suspect fraud. Cancel a transaction before it is executed as a batch, has save a ton of money int he long-term. As soon as notification batches, the payment (loads the clients show), there is a processing fee. The fee ranges for online transactions, depending on your product, market and risk to the processor. Cancel a transaction is usually a small per transaction fee incurred, but there is much less than an actual processing fee. My transaction fee is $0.10.
4. Call your customers, you have orders confirm the suspicion. If the customer phone number made available has not, by e-Mail and request that it is absolutely necessary to make available to a phone number for shipping purposes. You can qualify this way, that you have to do, by having a quick conversation to determine, the content/shipping address of the order.
5. Clearly displayed a fraud alert on your checkout pages. I've found that this can reduce fraudulent transactions by at least 50%. Going by the messages I use something along the lines of "all be reported fraudulent transactions immediately authorities for investigation." "Fraudulent transactions will be prosecuted to the full extent of the law." I also clearly outline that absolutely no orders to addresses other than the billing address for some reason card holders are shipped. Fraud and wasted time can significantly reduce this tactic.
After years of processing payments via PayPal and other processors I have to say that above learn through hard experience has acquired. Create rules and to keep from them. Do have a bad feeling about a transaction, to confirm the steps that you have to do. If you effectively not possible not order ship is,.
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Posted in: Avoiding,Credit,Fraud,Processing
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