Eight Suggestions for Safely Processing Credit Cards as a Merchant
A Los Angeles merchant credit card processing account is needed to help your business. In addition to being able to accept cash and checks for payment, it enables you accept debit and credit card payments. However, while there's many great benefits in accepting credit cards, there are also potential pitfalls. Consider these items to avoid fraud and excessive charge backs.
Be especially careful when you are dealing with purchasers from other countries. The regions where i have had problems are some Asian countries, East Europe and some developed nations. Those areas are filled with people who are often suspected of fraudulent purchases. Be especially wary of an order for a large quantity of high priced items.
Make sure to get the exact CVV number. The security code is located on the signature line on the back of the card, immediately following the 16 digit card number. By requiring that number, charge backs can be reduced by around 25%, according to credit card company estimates. Authorizing a transaction without a credit card will be refused by some credit card processing service.
Look at orders for expensive items with overnight shipping with caution. If you can turn them into cash on the street this is particularly apt. That can be said about extremely big orders, too.
It is strongly recommended to exercise extreme caution when dealing with suspicious orders. If you receive an order that seems a little weird to you, you should get the customers info including his name address and phone number. Satisfy yourself that the transaction is authentic.
Should you be suspicious about an order, request identification and copies of the data and the credit card. Make it a condition that the buyer fax you a copy of license and credit card. This offers a degree of protection from fraud. All you risk is one lost sale if a real customer leaves because this process seems inconvenient. You will lose the product and the shipping price if there is a fraudulent buyer.
Use 411 reverse phone lookup to verify addresses and telephone numbers. Specify that the delivery service you use gets a signature when delivering your product to customers. Get copies of these signatures for your own records. You may be instructed to leave the package on the customer's porch. You will have to replace it if he cant find it.
Be up front, firm and consistent with your safety and security measures. Make certain your staff is aware of and comprehends these measures also. Following the above suggestions will lessen or perhaps eliminate the number of purchasers who will try to scam you. Most scammers won't try their wiles on web sites where there seems to be a lot of security. They will quickly advance to easier prey on the web.
Los Angeles based 1st National Credit Card Processing, established in 1994, is the leading BEST-for-LESS provider in the electronic merchant services card processing industry and the premier provider of Credit Card Terminals, POS/Point of Sale Systems, Check Readers, eCommerce Solutions, Internet Payment Processing, and ATM Machines.
The Merchant Services Partners' Alliance can offer products and services in all industries at competitive prices following the use of these resources.
Be especially careful when you are dealing with purchasers from other countries. The regions where i have had problems are some Asian countries, East Europe and some developed nations. Those areas are filled with people who are often suspected of fraudulent purchases. Be especially wary of an order for a large quantity of high priced items.
Make sure to get the exact CVV number. The security code is located on the signature line on the back of the card, immediately following the 16 digit card number. By requiring that number, charge backs can be reduced by around 25%, according to credit card company estimates. Authorizing a transaction without a credit card will be refused by some credit card processing service.
Look at orders for expensive items with overnight shipping with caution. If you can turn them into cash on the street this is particularly apt. That can be said about extremely big orders, too.
It is strongly recommended to exercise extreme caution when dealing with suspicious orders. If you receive an order that seems a little weird to you, you should get the customers info including his name address and phone number. Satisfy yourself that the transaction is authentic.
Should you be suspicious about an order, request identification and copies of the data and the credit card. Make it a condition that the buyer fax you a copy of license and credit card. This offers a degree of protection from fraud. All you risk is one lost sale if a real customer leaves because this process seems inconvenient. You will lose the product and the shipping price if there is a fraudulent buyer.
Use 411 reverse phone lookup to verify addresses and telephone numbers. Specify that the delivery service you use gets a signature when delivering your product to customers. Get copies of these signatures for your own records. You may be instructed to leave the package on the customer's porch. You will have to replace it if he cant find it.
Be up front, firm and consistent with your safety and security measures. Make certain your staff is aware of and comprehends these measures also. Following the above suggestions will lessen or perhaps eliminate the number of purchasers who will try to scam you. Most scammers won't try their wiles on web sites where there seems to be a lot of security. They will quickly advance to easier prey on the web.
Los Angeles based 1st National Credit Card Processing, established in 1994, is the leading BEST-for-LESS provider in the electronic merchant services card processing industry and the premier provider of Credit Card Terminals, POS/Point of Sale Systems, Check Readers, eCommerce Solutions, Internet Payment Processing, and ATM Machines.
The Merchant Services Partners' Alliance can offer products and services in all industries at competitive prices following the use of these resources.
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