Whether you do business at a storefront, online, by phone or mail�or all of these�credit card fraud can cost you money.
Terminals and other card-processing equipment contain fraud-control tools, but they alone won�t protect you.
You also must take steps to prevent credit card fraud.
Here are some steps to prevent chargebacks (credit card disputes for which your business checking account could be debited) and other fraud-related costs. Become informed and educate your employees about these best practices. Everyone must be involved and proactive to prevent credit card fraud.
You may not be able to prevent credit card fraud entirely, but by establishing and following procedures to check every transaction, you can greatly reduce your losses.
Dealing with credit card customers through the Internet, over the phone or by mail calls for different prevention strategies, since you can�t view the card. However, you can be alert to suspicious behaviors and implement policies to prevent credit card fraud for transactions when the card is not present. Here are some steps you can take: