How to Avoid credit card fraud & charge back
Here are few tips which will help you to stay away from credit card fraud & charge back ;
· Don’t leave your credit card at any unattended place.
· Always make sure to get your credit card receipt, never through the receipt in a public trash bin.
· Tally things when you receive the statement, and if you find any discrepancies or fraud, contact your credit card company with written complaint immediately.
· Never give your credit card number to any one else.
· Never respond to an e-mail asking for your Credit card number, although they seems official or legitimate it looks. These bogus e-mails also carry attachment of virus; if you open it they will steal information of your computer in second.
· Review your monthly statement as soon as it comes and report any problems right away to your credit card company with written complaint.
· While applying for credit card opt for a Photo Credit card as an added security measure which that can help you for identity from being impersonated in Merchant establishments.
How merchant can protect themselves from charge back;
· Do not accept order unless you receive complete information including full address and phone numbers of your customers.
· Avoid order from free web based email address; try to get the domain-based address of the customers.
· Turn suspicious if you receive an expensive order, the fraudsters usually place an expensive order from theft card.
· Scrutinize orders that have been placed on rush or overnight delivery.
· Scrutinize orders from foreign countries. A large percentage of fraudulent Internet purchases are made from Indonesia, Russia, Vietnam, Nigeria and other region and developing countries.
