Why Credit Card Anti-fraud System Is A Must For Online Business

Are you an online merchandiser selling products online? One of the advantages of buying online is its anonymity, which is the main cause of fraudulent activities. If you have been selling online for a while, you might have faced already some online fraud when customers try to use the stolen credit card numbers or commit purchases using the other person's name. This often results in huge losses for a merchant you get refunds and chargebacks for those illegal sales. In order for your online business to survive you must ensure that you have a good anti-fraud system working tirelessly for you screening and identifying fraudulent orders, this way you can protect yourself by refunding the payments earlier than a customer fills a claim at a bank and this way protect yourself from getting a chargeback.
Making money on the internet is easy provided you have a good anti fraud technique. Whether you are already doing business online or are just starting out make sure to use these tips to identify suspicious customers behavior. This will save you not only a lot of money, your business reputation, but also a lot of headache with your credit card processing company.

1. You can get a solution for the anti fraud from the internet itself by checking for the list of stolen credit cards or new credit card numbers.

2. Visa and Master card has developed a new system called 3D Secure payments. It is known as Verified by Visa or Mastercard SecureCode. These systems impose an additional security level where customers have to enter an additional their selected password during the purchase. When you use 3D Secure payments you get protected from around 60% of the most popular chargebacks with a reason I did not authorize this payment or I didn't do it.

3. Call the number that customer provides when ordering your product. Online scammers usually provide bogus/not working phone numbers.

4. Take precaution if the shipping address and the billing address varies. Make sure to call the customer before shipping your item to identify if it is a legitimate order.

5. Look out for strange orders that order in bulk which is usually not common. Especially if the order's amount is huge. Fraudsters usually try to spend as much money as possible to get the most of the orders.

6. Collect all the available data like the address, credit card holder's bank information or the telephone number of the customer before proceeding with the business, as this information will be helpful to file a case if you get scammed.

Most of the times online fraudsters use stolen credit cards to purchase online. This will not be revealed until the transaction completes. It is a misconception that when you swipe the credit card into the swipe terminal all the information gets verified. It does not. Therefore an anti fraud system is a must for online businesses. Many transactions take place during the day and sometimes multiple transactions take place at the same time. It is difficult to verify each transaction credit card details without an antifraud service.

You have 2 ways: either screen and monitor all online orders yourself or simply use a payment processing system that not only allows you to process credit cards online, but in addition to this screens and monitors all orders for you. One of such payment processors is Click2Sell.EU (www.click2sell.eu) company. They allow you to process card payments online and automatically monitors all the orders and helps you prevent fraud, so you don't have to do anything manually.

There have been many reported cases of people losing millions of dollars in online business. Therefore, an anti fraud system is a basic requirement for an online business because no one wants to lose their hard earned money in fake transactions. So make sure you have a good anti-fraud system in place when starting your online business.

The 5 Great Advantages of Shopping Online

There are 5 great advantages to online shopping today versus physical shopping in stores and malls.

1. You can shop online 24 hours a day, 7 days a week and holidays. There are no time constraints such as the set hours in shops and malls. You can shop online at anytime. If you want to shop at 2am in the morning in your pajamas from home you can. If you want to shop at 7am while eating breakfast you can, all from the comfort and relaxation of your home.

2. You have unlimited choices in products when shopping online. You are not limited in your selection of products and goods as in shops and malls where they have only a certain amount of physical space in which to display their products. If you want to locate a specific item you can use many search engines on the web such as Google or Yahoo. If your not searching for a specific item you can use general categories such as clothing, jewelry, electronics and narrow your selection from there.

3. You are not limited to a certain geographic area or certain stores. You are connected to cyberspace-a WORLDWIDE network of computer networks which gives you unlimited choices. For example, if you are looking for a computer you can go online to Dell, Sony, Hewlett Packert etc., If you are looking for toys you can go to Toys"R"Us, KBtoys, Fisher Price etc. You can do this for any item or category you are looking for.

4. You can save money by shopping online. You can compare prices more quickly between different stores and different items. Price comparison shopping sites, such as Shopping.com and Shopzilla.com will allow you to compare products, specifications and prices at several stores. You can compare products side by side to determine which one is the best for you. You also have access to more deals,discounts, promotions, special offers compared to physical stores and malls. Many online stores offer free shipping right to your door and many times there are no taxes on items you purchase online. You also are saving on gas, driving to and from stores, especially today when gas prices are so high.

5. You do not need to deal with people by shopping online. No fighting the crowds. No need to hunt down a clerk to help you. No rude checkout person to deal with. It is just you shopping online from the relaxation and comfort of your home. All you need is a computer and a credit card.