Businesses are so happy to be getting ANY BUSINESS they forget to do the basics, check their eCommerce Activity for Fraud! We heard of 2 businesses that had to pay a lot of money due to FRAUD to their merchant account! Merchants pay for the approvals and declines of credit cards, this FRAUD can be very costly for our merchants!
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| Testing credit cards on YOUR WEBSITE can be very costly to your business! |
Scenario #1: Fraud perpetrators used the merchant's website to TEST credit card#s for authenticity. Once they see the card# is valid, they sell that number on the dark web! They used this merchant's website over 5000 times testing card numbers. These "DECLINES" have a cost and that cost went to the merchant. Solution: Tighten your website by making sure your website uses the FULL Resources available by your gateway to STOP FRAUD. Even it it makes your customer add more fields to the payment transaction, it protects your business! Get DECLINE Notifications if there is an occasional one or two; fine. However, if you start seeing a handful and more, call your gateway company to close your gateway until they investigate!
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| Don't give anyone your credit card! Enter it YOURSELF in a secure gateway! |
Scenario #2: One business accepts credit cards for their services. They write the customers credit cards down and the employees from that business share the cards and make purchases on those cards!!!
Solution: If you are a customer/ NEVER give anyone your credit card over the phone! Enter your credit card into a SSL/Encrypted Gateway....ONLY! As a business, you need to call your gateway and report this incident. You can even call the Federal Trade Commission and report the company committing the
FRAUD and the FBI as they both take these types of FRAUD very seriously!
BEWARE!! If you are a business that allowed your employees to accept credit cards with NO SUPERVISION, you are liable for money and criminal actions.
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