| Accepting all forms of payments, including credit | | | | of your business by reducing its chances of |
| cards, is a crucial component in the quest to | | | | becoming a credit card fraud victim. |
| running a successful business. It gives business | | | | If a customer would like a refund, do not allow |
| owners an opportunity to sell more products and | | | | the refund as a credit to another account. Credit |
| services to a wider range of customers. | | | | card refunds must only be granted to the same |
| Accepting credit cards can allow you to expand | | | | card that was used to make the initial purchase. |
| your company to include online sales and make | | | | Also, only allow refunds if the customer has the |
| you eligible to receive a merchant cash advance, | | | | receipt for the product they wish to return. |
| which can be essential in promoting the growth of | | | | Frequently changing the password to your credit |
| your business. | | | | card system may help as well. You may also |
| Though the benefits are numerous, accepting | | | | purchase credit card fraud insurance for your |
| credit cards can also turn merchants into potential | | | | business. If your business is insured, and fraud |
| victims of credit card fraud, a type of fraud that | | | | occurs, the insurance company will go after the |
| occurs all too often in the United States. | | | | parties responsible for the fraud. |
| As a merchant, it is important to be on the | | | | Although it can be difficult if your business |
| lookout for consumer credit card fraud which is | | | | processes multiple transactions per day, it may be |
| committed by the use of fraudulent credit cards | | | | helpful to print a daily transcript of all credit card |
| or by the purchase of products and/or services | | | | transactions. |
| using a valid credit card that does not belong to | | | | As a restaurant owner, it is particularly easier for |
| the consumer (formally known as identity theft). | | | | an employee to commit identity theft due to the |
| But it is also important to keep an eye on | | | | amount of time that the employee spends with |
| employees, ensuring that they do not commit | | | | the customer's credit card out of the customer's |
| credit card fraud using a customer's credit card. | | | | sight. In this case, you may want to consider |
| For consumers, there are various laws and | | | | purchasing a portable credit card terminal. A |
| guarantees to remedy the situation if credit card | | | | waiter/waitress can bring this portable terminal to |
| fraud does occur. Unfortunately, merchants are | | | | the customer's table, allowing the customer to |
| not provided with that same protection. | | | | swipe their own card, so the card never has to |
| Therefore, as a merchant, preventing credit card | | | | leave the customer's hand. |
| fraud altogether is vital. | | | | If you can not purchase a portable credit card |
| So how does one reap the benefits of accepting | | | | terminal, make sure that your restaurant's credit |
| credit cards without encountering the problems | | | | system does not print credit card numbers and |
| that may arise as a result? There is no way to | | | | expiration dates on receipts. This way, employees |
| completely safeguard your business against credit | | | | can not copy these numbers while away from |
| card fraud, but there are certain precautions that | | | | the customer. If your system does not mask |
| you should take as a merchant to promote | | | | these numbers, contact your POS system |
| non-fraudulent transactions and secure the stability | | | | provider and inquire about credit card masking. |