Eight Suggestions for Safely Processing Credit Cards as a Merchant
A Los Angeles merchant credit card processing account is critically important to your business’s success. You’ll be capable of taking cash, check, debit and credit for pay methods However, while there’s many great benefits in accepting credit cards, there are also potential pitfalls. To avoid fraud and charge backs, here are a few things you need to follow
When transacting internationally, exercise caution. There have been issues for me with eastern European countries, as well as in some places in Asia and in other third world areas of the world. The major guilty parties tied to fraud live in this general area. Be especially wary of an order for a large quantity of high priced items.
Always request the CVV number up front. This particular number is situated on the back of the card, around the signature, which is followed by a unique 16 digit card number. Card companies estimate that somewhere around 25% of charge backs can be avoided by demanding that number. Authorizing a transaction without a credit card will be refused by some credit card processing service.
Look at orders for expensive items with overnight shipping with caution. That’s particularly good if these things can easily be sold for cash out on the street. This is the case for large and small orders alike.
Don’t hesitate or be afraid to exercise extreme due diligence with suspicious orders. In case of an order which is extraordinary, strange or suspicious, it is essential to verify the customer and his address. Feel comfortable knowing the sale is real.
Request and get copies of identification and the credit card being used if you get a suspicious order. Make it a condition that the buyer fax you a copy of license and credit card. This will offer you protection from fraudulent purchases. Customers may complain about the measures involved and try to back out, but it’s important to keep trying. You will lose the product and the shipping price if there is a fraudulent buyer.
You can verify the addresses and phone numbers that you presently have by using the 411 reverse phone lookup service. When delivering your product to customer insist that the delivery service you use gets a signature specify that. Keep copies of the signatures in your own files. Your buyer may tell you to have the delivered package left on the porch. Be cognizant of the fact that if he cannot find it when he returns, you will have to replace it.
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 these points to good use will help cut down on fraud. A vast number of criminal tend to avoid many sites that adhere to safety and security standards. They will quickly move on to many other places on the web that are easier prey.
1st National Credit Card Processing, located in Los Angeles, and started in 1994, gives the most services at the lowest price in the card processing and merchant services field and it is the best supplier of terminals for credit cards, Point of Sale Systems (POS), devices for reading checks, support for ecommerce, processing of payments online, and automated teller machines.
The Merchant Services Partners’ Alliance can offer products and services in all industries at competitive prices following the use of these resources.
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