Credit Card Fraud Prevention Tips: What Are Your Best Tips For Preventing Credit Card Fraud?

Accepting credit cards as an online merchant has its inherent risks.  And while sooner or later, you will get scammed, its important to keep it in perspective.  Your business will need to take credit cards to be successful online.  The goal is to keep your fraud percentage as low as possible.  In fact, you will need to do so, or your merchant account  processor may freeze or suspend your account.  New merchants (or those with a new web urls) should be especially cautious since scammers often target new merchants.  They can estimate how old your site is by looking at your domain registration date.

I thought I would see if everyone could contribute advice on red flags or prevention tips by responding to this post.

I’ll start with the first one.

1.  Always take a few extra steps to validate each order.  Don’t assume that your card processor will look out for your best interest.  Do not accept orders unless complete information is provided (including full address and phone number).  If this means contacting the customer for follow-up information, do so.

Now is your turn.  what else raises red flags, or causes you to scrutinize orders?