10 Ways to Prevent Online Credit Card Fraud

Every year, fraudulent credit card purchases cost5. Check the IP address of the customer placing the
online retailers millions of dollars. Without the benefit oforder to determine their location. Be wary of
scrutinizing a customer and requesting additionalinternational payments that originate from "high-risk"
identification in person, it can be more difficult tocountries or areas that are known for their high-rate of
properly identify fraudulent charges made online.fraud, including Nigeria, Turkey, Lithuania, and Russia.
However, with a little extra time and effort, online6. Scammers will often use untraceable email
merchants can significantly minimize their risk to fraudaddresses originating from free web-based services.
using the following strategies.Ask the customer to provide an ISP or domain-based
1. If the shipping address doesn't match the billingemail address that can be traced to their location.
address, call the customer directly to confirm the order,7. Use the Address Verification Service (provided by
especially if the listed shipping address is out of themost payment processors) which ensures the
country.information provided by a customer matches the
2. Always require a valid phone number on orders andinformation the bank that issued the card has. Many
ensure the area code of the number matches that ofpayment gateways also have a variety of other fraud
the billing address. Consider calling the customer toprevention tools you can use to minimize your risk.
confirm the number.8. When in doubt, call the customer and request the
3. Be suspicious of atypical orders, such as unusuallycustomer fax a copy of the driver's license or
large orders or orders for an exceptionally high amountpassport to authenticate their identity.
of the same item. If an order seems suspicious,9. Make your anti-fraud policy clearly visible on your
conduct a little more research to determine whether orwebsite and warn potential fraudsters that they will be
not the order is fraud.pursued to the fullest extent of the law if the place
4. Other transactions to be wary of include ordersfraudulent orders through your website.
purchased using multiple credit cards but shipped to10. You can also call the issuing bank prior to
one address. Or multiple orders made with the sameauthorizing the order.
credit card within a short period of time.