Better Ways for Sellers to Block Use of Stolen Cards

While credit card fraud is a major issue but only a tiny percentage of purchases made online are affected by it. It is a mistake to attempt to apply an all-encompassing approach that could result in unintended negative effects. It is crucial to find a balance between practicality and prudence.

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A different article was about sellers that insist on depositing an amount of money into the bank account of the buyer to avoid the theft of credit cards. This could cause customer discontent because it could signal fraud and cause delays in delivery. The buyer could have to cancel their order or return the item. Some sellers might reject any other option because it is too time-consuming and doesn’t need staff or isn’t feasible.

This article requires more effort, focus on specifics, and perhaps an adjustment of mindset. These techniques can be employed to guard against fraud without causing offence or possibly losing customers.

The orders that should alarm

  • Review your personal “suspect orders” records. (See below for more details.) If the buyer’s name is found in these records, along with the details of the actions taken, you’re well on the way to removing any issues that could arise and deal with it in a timely manner.
  • If the billing and delivery addresses aren’t identical Be cautious. There could be legitimate reasons why the delivery address and billing differ, particularly if it is to a PO Box number, and the items are delivered are delivered to an address that is physical. According to this writer, and in spite of advice from banks that automated rejections of orders that have PO Box numbers addresses are an additional reason for customers to feel frustrated unless there’s an explanation that is very convincing.
  • Every order from a customer should have the contact number as well as an email address. In this way, if something is suspicious it will be possible to contact the customer. Failure to connect or a voice message that is not consistent with what’s receiving will be an indication of danger. It is also possible to useSoftware to “reverse numbers”To determine if there’s a match. You may also inquire about the order in case there isn’t a match. The solution is available accessible online.
  • Email addresses that are not legitimate and used by buyers must be regarded as fraudulent. The majority of honest buyers will be able to identify something within their email addresses. It could be a business or personal name. The seller could and should promptly send an email to confirm that the purchase was made by them. Check to see whether the message bounces back or if they do not respond. It is simple to locate the address of the business that was referred to an address on the web, if it was an organization. If the address cannot be found, it’s suspicious.

How do you ask the question?

A person who is pleasant is required to make a phone call to the buyer. While contact couldbe done via email, a phone call will yield positive outcomes. This also gives an opportunity to assess the situation without causing offence to an honest buyer.

  • It is crucial that the purpose behind the query be explained. A sensible person is capable of understanding the question when it is quick and polite without inferring there is an issue.
  • It’s perfectly acceptable to make a minor “white lies”. It’s better to say that “we have an issue with our systems, and even though it’s not our fault it is our fault, we are not able to process your transaction.” You may choose to use another card or transfer money to a bank.
  • Any negative response could trigger the “red flag”, and the seller may refuse the order due to technical reasons or for regret.
  • Always inquire about the bank’s name of the client. It is highly unlikely that anyone with stolen credit cards will be able to tell the truth.
  • Verify the identity of transactions with a high value. The service is provided by Mastercard and VISA. The buyer has to have a password that is authorized by their bank. The buyer must register, however it is not unusual for legitimate customers to refuse.

Keep on top of it all

To keep track of suspicious orders, it’s not required to keep more than an E XCEL document. The information can be entered within a couple of minutes. These are the fields you must complete:

The order’s date

Name of the buyer

The number of buyers

Buyer’s email address

Address for delivery requested

Item ordered

Number of the credit card, expiry date and CCV numbers

The reason for the question

Results (order completed OR rejected)

Excel allows you to look up each of these fields in order to locate repeatedly made attempts.

Share your concerns with us.

In the event of fraud that is obvious:

  • Inform your bank. They will send a specialist team to look into the matter and defend your account in the event of a theft.
  • The company that issued the card should be informed.
  • If the situation is grave, you may also notify the police.

Continue reading

This article will provide practical tips in the pursuit of retaining honest customers. There is more details on methods to prevent and investigate on numerous websites.