Creditcard fraude!

[Homer]

Damn,

just read a report:

• 5% of all online consumers claim that they have been victim of credit card fraud
• 2001: 700 million dollar sales that were fraudulent
• 700m is 19 times the amount of "non-internet" creditcard fraud
• E-fraud is 1.14% of all online-sales, a total of 61.8 billion dollars

 

[Synergy]

I've also noticed that a majority of the fraud are from International Orders from Malaysia, India, China, Indonesia and Pakastan....

 

[Homer]

Eastern-Europe (Russia, Poland, etc) is very "popular" too

 

[ECIS]

Well the best way to stop this is to do voice verifications. With all my credit card orders I get I voice verify them before I allow them to go through.

 

[Synergy]

Now merchants require 3 digit verification code

 

[ECIS]

Im trying to find a good merchant, right now I just use paypal for credit cards.

 

[Synergy]

www.paysystems.com is a good 3rd party merchant.

 

[nodehost]

Check out http://www.2checkout.com - that is who we have been using and they are pretty good.

 

[beepbeep]

i try not to use paypal since if you offer a hosting service their is no way to prove you provided service <this is what paypal says>
the clients could contact paypal and say they never got the service and they will win

so watch out

 

[bodhrain2001]

yes the new 3 digit verification

came out of the blue

I'm thinking that it may be easier to just take checks, OK it takes longer but whattihell saves all the worries

 

[.::DefCon::.]

Eastern-Europe (Russia, Poland, etc) is very "popular" too

Add Sweden to that list.

 

[Reyner]

So ... it's pretty much most countries with computers and internet connection

 

[.::DefCon::.]

So ... it's pretty much most countries with computers and internet connection

LOL
Yeah I think so.

 

[ZeroChrgbks]

VbV and MCSC

Verified by Visa and MasterCard SecureCode solved those problems for me.

-I can charge, and get paid on a VISA card that I would never have accepted before. It guarntees payments, and almost eliminates fraud

 

[interactive]

i try not to use paypal since if you offer a hosting service their is no way to prove you provided service <this is what paypal says>
the clients could contact paypal and say they never got the service and they will win

so watch out

That's only partially true. PayPal won't help the buyer if it's a digital item (not tangable). I've dealt with PayPal several times on this subject and have found that they could really care less unless it is a non digital item.