Credit Cards Information Site
Merchants Beware - You Are At risk From Fraudster Using Stolen Credit cards |
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Carders are a group of criminals who buy and sell credit card information on forums. You can google "carders forum" to see what I mean. you will see that thousands of cards are bought and sold every day. Carders are a group of criminals who buy and sell credit card information on forums. You can google "carders forum" to see what I mean. you will see that thousands of cards are bought and sold every day. The fraudsters use these stolen cards to buy products from online merchants becuase its easy to do so with little or no chance of being caught. In 2007 these low lifes ripped merchants off for $3.7 Billion. How much of that was yours? Most people do not realise the following, but it's dead set true. In a online credit card transaction there are 4 parties. There are the banks, the card company, the card holder and the merchant. The merchant is the ONLY one out of those parties that has any risk in a fraudulent transaction. Not only will the merchant lose the profit and costs for the sale, the card company will also fine the merchant $20. That just adds insult to injury. One big problem online merchants have is they cannot get the cardholders signature on the order. Without a signature by the cardholder, the merchant is the only party at risk. This is because there is no proof the cardholder authorized the transaction. Another problem for online merchants is real cardholders who buy goods and services and then later claim they never authorised the transaction. This is a growing problem and one I have found some solutions which you can apply. Merchants can fight back and prevent fraud if they know what to look for. Most don't and no one tells them what to look for..that is until now. In my brand new book called "Merchants Beware" I reveal the telltale signs of a fraudster at work. I give merchants an easy step by step approach to detecting fraudsters and stopping them BEFORE they become a problem About the Author: If you want to stop fraud and chargebacks check out Don Reid's new Book called Merchants Beware at his website www.MerchantsBeware.com |
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