We’ve gotten some emails about our post yesterday and we thought it’d be great to offer our readers even more methods to prevent credit card fraud for online merchants. Some friends who are seasoned online merchants have even stepped forward to let us in on common sense techniques to stop fraudulent transactions from hurting their business. Here are 5 effective tips that can help you prevent credit card fraud.
Tip 1: It pays to be suspicious
Be vigilant is scanning each order and watch out for information that may raise warning bells. …

In a recent survey, online merchants revealed that they are most worried about credit card fraud in the e-Commerce business. They expressed anxiety over their apparent vulnerability to fraudsters, and feel that they are spending too much time reviewing orders to spot cases of fraud, when they could have used the time to improve other aspects of their business. Other than the usual address verification system (AVS), most merchants are seeking ways to expedite credit card fraud detection, and not just discriminate against common warning signs like expedited shipping and …

Did you know that close to 20 billion was spent online last Christmas season in 2009? E-commerce is a booming phenomenon and any merchant can see that opportunities are endless when it comes to selling on the Internet. Retailers who have been delaying their online venture need not feel fear. It’s never too late to get into the game. Developing an e-Commerce website to accommodate your transition from offline to online sales can be pretty dicey but not completely impossible. So many merchants have made the transition, so why can’t …

As an online merchant accepting credit card payments, you have numerous security issues that you must be aware of for the safety of your business and your consumers. At this time, there are two main aspects of credit card security for credit card processing, including “AVS” and “CVV”. Both allow credit card transactions to be completed anonymously over the internet, and any merchant accepting credit cards online should require both forms of information of your customers.
Address Verification Service (AVS)
The “AVS”, or address verification service, is used to determine that the …

A new mobile payment method
If all goes well, a groundbreaking online e-Commerce payment solution from Verizon Wireless may be on the cards. Together with Danal, Inc., Verizone Wireless is set to launch BilltoMobile this spring. This payment service allows a whopping total of 91.2 million wireless subscribers the opportunity to buy online and bill it to their mobile bill (BilltoMobile… get it?). In other words, whatever they buy online will be charged to their Verizon Wireless bill on a monthly basis. The limitation here is, however, only digital goods can …

There are 4 main elements you need to consider if you want to grow your e-Commerce business. Here are 4 key points:
1. Making good first impressions with your website
Don’t treat your website any less than you would your own brick-and-mortar store. Think of it a major element of your corporate identity, something that your customers will see and remember for as long as you exist in the e-Commerce arena. That’s why you website has to capture customers’ attention and make them sit up and take note of your offerings. First …

Reaping the rewards
A lot of online merchant concentrate too hard on trying to increase sales that they neglect the actual sales process and what can be done to grow their profits. Whether you are just starting an online or have a thriving brick and mortar business, you definitely want to transform your prospects into loyal customers. You work hard to create a cold list, follow up on promising leads, and get turned down in the process in the hopes of reaping your rewards later. This can be quite disappointing but …

A regular blog reader emailed us to ask our opinion on who offers the best merchant account service. Here’s our reply:
Searching high and low for a good merchant account provider can be a daunting task, even more so if you’ve set your mind to locate the BEST in the industry. The trick is to get several options in hand, and slowly narrow the list down to the providers whom you think are the ones that can really serve you well. In the long run, it will be quite affordable signing …

So you want to start your very own online business? Jumping out of the eBay scene and want to move up from being a mere small-time seller? The first thing you probably want to research for, before opening your web store, is to acquire a merchant account. Without a doubt, having a merchant account will allow you to accept credit cards online and immediately start seeing more profits roll in because after all, credit card-paying customers will always be there to make sure you never run out of business …

Starting an e-Commerce business may be tough at first – what with all the planning and budgeting and execution. But once you have everything up and running, you may wonder what’s so difficult about beginning your business in the first place! However, most people forget that in order to run a truly successful and profitable e-Commerce site, they need to identify these four main key points:
1. Your e-Commerce website is your online identity
How you design your website is very important. Not only must it look attractive and appealing to your …