Credit Card Fraud in Alaska
Posted by Bill Rini @ 2:01 amIf you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Ever since I wrote a short white paper on how merchants can protect themselves from online credit card fraud I’ve been getting 2 or 3 emails a week from people who have been ripped off and want to find out what their options are. Unfortunatey, in most cases, there’s absolutely nothing they can do.
I had one merchant who had sold someone in Indonesia $35,000 worth of diamonds only to find out the card was stolen. The sad part was that as he described how it happened nearly every single sentence in his email contained a red flag warning that the order might be a potential fraud. But like many merchants that started out in the brick and mortar world and then opened up an online channel he did not understand that the credit card company rules change when you go online. Merchants lose many of the fraud protections that they enjoy in the brick and mortar world and so they are less diligent about applying anti-fraud techniques.
The reason for the post is that I ran across this article in the Anchorage Daily News which perfectly matches how many online merchants get ripped off. Don’t be the next victim. If you’re doing business online you need to educate yourself.
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COMMENTS / 2 COMMENTS
Michael Petrowski added these pithy words on Mar 12 06 at 5:00 pmpeople are stupid sometimes and don’t realize that they will be caught.
i recently started up a blog about improving your credit score. so if you need about 101 tips on how to do this visit my site.
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