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Preventing Online Credit Card Fraud
Online Credit Card Fraud is a major problem for any online business. Savvy Internet scammers have developed many ways to obtain and use credit card information to victimize both the cardholder and Internet businesses. Fortunately there are some ways to mitigate or eliminate the impact of Online Credit Card Fraud. Remember: the best way to guard against Online Credit Card Fraud is simply to get plenty of information and to verify orders with cardholders.
• Use the Phone to Verify Orders: It’s simple and effective.
• International Orders are Red Flags (especially to Nigeria): These are more likely to be fraudulent due to anonymity.
• Be Wary of Rush Orders: Crooks want to get the goods ASAP to prevent detection from legitimate cardholders.
• Take Note of Peculiar Shipping Addresses: Thieves like mail drops they can acquire with false I.D.’s, like private P.O.B.’s.
• Watch Out for Orders From Free E-mail Accounts: Anonymity is the thief’s friend; get more personal info 1st.
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