Eight Suggestions for Safely Processing Credit Cards as a Merchant
For your business's success a Los Angeles merchant credit card processing account is critically important. 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. A few things that you need to consider in order to avoid fraud and charge backs follow.
Be careful when dealing with international buyers and sellers. I've had problems with Eastern European, some Asian and other developing nations. The major culprits in fraudulent purchases live in those areas. Carefully investigate any large order that has many expensive items.
Always request the CVV number up front. The security code is located on the signature line on the back of the card, immediately following the 16 digit card number. Studies show that requiring this number reduces charge backs by about 25 percent. There are credit card services that will not authorize a transaction unless they have this.
Be especially suspicious if an order comes in for a very pricey item and requests that there be over night shipping. This is very true if is easy for the items to be sold for money on the street. This applies to very large orders as well.
When it come to Los Angeles merchant credit card processing, it is strongly recommended to exercise extreme caution when dealing with suspicious orders. When you receive an order that seems unusual or seems to have missing or incorrect information, you must recheck the customer's information. Feel comfortable knowing the sale is real.
Ask for and get copies of identification and details of the credit being used if you receive a suspicious order. Get the faxed copies of credit cards and licences from the purchasers. This will offer you protection from fraudulent purchases. A legitimate customer may object and say it's too much hassle, but consider the fact that in that case you may only lose the sale. You will lose the product and the shipping price if there is a fraudulent buyer.
You can dial 411 to activate the reverse look-up feature, allowing you to verify addresses and phone numbers. Make sure that whoever delivers it will get a signed slip when they bring your item to those who've bought it. Keep copies of all signatures for your records. The person buying from you may say it's okay to leave the package that's delivered on their porch. Just be aware that you'll have to replace it if he can't find it when he gets home.
Always tell the truth and always say the same thing when it comes to your safety and also your security items. Be sure your employees know and understand those measures too. Putting the points above in use will reduce, if not eliminate fraudulent purchases. 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.
These resources earmark the Merchant Services Partners' Connection to engage a vast difference of products and services at extremely competitive prices in all types of industries.
Be careful when dealing with international buyers and sellers. I've had problems with Eastern European, some Asian and other developing nations. The major culprits in fraudulent purchases live in those areas. Carefully investigate any large order that has many expensive items.
Always request the CVV number up front. The security code is located on the signature line on the back of the card, immediately following the 16 digit card number. Studies show that requiring this number reduces charge backs by about 25 percent. There are credit card services that will not authorize a transaction unless they have this.
Be especially suspicious if an order comes in for a very pricey item and requests that there be over night shipping. This is very true if is easy for the items to be sold for money on the street. This applies to very large orders as well.
When it come to Los Angeles merchant credit card processing, it is strongly recommended to exercise extreme caution when dealing with suspicious orders. When you receive an order that seems unusual or seems to have missing or incorrect information, you must recheck the customer's information. Feel comfortable knowing the sale is real.
Ask for and get copies of identification and details of the credit being used if you receive a suspicious order. Get the faxed copies of credit cards and licences from the purchasers. This will offer you protection from fraudulent purchases. A legitimate customer may object and say it's too much hassle, but consider the fact that in that case you may only lose the sale. You will lose the product and the shipping price if there is a fraudulent buyer.
You can dial 411 to activate the reverse look-up feature, allowing you to verify addresses and phone numbers. Make sure that whoever delivers it will get a signed slip when they bring your item to those who've bought it. Keep copies of all signatures for your records. The person buying from you may say it's okay to leave the package that's delivered on their porch. Just be aware that you'll have to replace it if he can't find it when he gets home.
Always tell the truth and always say the same thing when it comes to your safety and also your security items. Be sure your employees know and understand those measures too. Putting the points above in use will reduce, if not eliminate fraudulent purchases. 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.
These resources earmark the Merchant Services Partners' Connection to engage a vast difference of products and services at extremely competitive prices in all types of industries.
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