Protect Your Home Business From Credit Card Frauds!

Starting a profitable home based business is one of the easiest ways to make money. And the thought of doing a home business seems to be all the more promising when you need a complete break from grueling work pressures, a grumpy boss, and other related work issues.

However, in order to make fast money in a home business, it is inevitable that you have to handle a lot of credit card transactions apart from the usual cash deals. But one of the major problems that business entrepreneurs should be cautious about while handling a huge amount of credit card transactions are the increasing number of credit card frauds. As saving money is one of the primary goals of doing a home business, it is very important to take precautionary measures to avoid such fraudulent deals:

· Be cautious of transactions with very large orders. Unusually huge orders placed over the phone, or online, with requests for quick delivery, should be a cause of concern. A fraudulent customer would majorly demand a speedy delivery before the credit card fraud is discovered. All international orders should carefully verified before shipment. Be careful not to ship international orders where the billing and shipping addresses are not the same.

· If the customer uses a different address for shipment then request the customer to give the telephone numbers of both the locations. Use different fraud prevention services available to check the customer information provided. Address Verification Service or AVS enables you to verify the specific address location and the street numbers before the orders are shipped. Address verification websites like www.anywho.com help you verify information you have collected from customers.

· Different online payment gateways like the Link Point Secure Payment Gateway, helps entrepreneurs to do secure online transactions over the internet. These highly secure online payment gateways with their stringent encryption technology drastically decrease the chances of online credit card frauds.

· The CVC2 verification for master cards and CVV2 for visa cards highly reduces the chances of online credit card transactions. The 3 digit numbers provided at the back of the credit card together with the 16 digit credit card number is automatically sent to the credit card issuing bank whenever an online transaction is processed. If the information matches with that provided at the bank, the bank will approve it with an approval code.

· Also verify the security information provided at the back of the card like the signature of the customer. Be careful not to accept an unsigned card. Call the toll free number provided at the back of the card to check the information provided by the customer in case of any clarifications.

Comments? Questions? Email Here

© HowtoAdvice.com