Top 8 Signs of ECommerce Fraud - How to Detect Fraudulent Credit Card Transactions

When you have an online component of your business,2. Sales are exclusive to one affiliate. In this campaign,
experiencing ecommerce fraud is becoming the ruleall of my sales were linked to one affiliate. I suppose
rather than the exception. No longer is it a matter of "if"he thought I would have other sales, as well, and his
this will happen to you but "when" it will happen to you. Iwould blend in unnoticed with the others. However, he
did some quick research and was astounded at thedidn't realize that this was my first affiliate campaign,
extent of fraudulent transactions, especially given theso his sales stuck out like a sore thumb.
poor state of the current U.S. economy.3. Sales are all to one gender. By and large, I have
My first major case of ecommerce fraud happenedmore female members than male. All of the sales that
this past week. I was running a special promotion withI was making last week were from men. Again, one or
my affiliates to see how this marketing strategy fortwo is expected, but not multiple ones consecutively.
additional sales might work out for me. Unfortunately, II'm assuming my thief stole card information from
got results I never expected in the way of too manysome company whose customers are exclusively
sales happening in a short period of time, which mademale.
me suspicious.4. Too many sales of a particular product in too short
After getting additional sales over the weekend, Iof a time period. I know the sales pattern for my site.
decided to begin to call the people who were listed asSales typically trickle in unless I do a special promotional
purchasing a membership to my site. Just as Icampaign to encourage buying. Granted, I was doing a
suspected, none of them had heard of me nor my site.special promotion at the time, but to sell the number of
In fact, my phone call to some of them was the firstyearly memberships that I did in a short period of time
indication they had of their credit card information beingwasn't usual, as most people choose to purchase the
stolen. This guy (I'm assuming it was a guy, based onmonthly membership option when they join.
how he registered his affiliate account with me) was5. Transactions occur from same IP address.
very thorough in that he had the COMPLETE creditFortunately, my merchant account provider and online
card record for the victims of this fraud, including name,payment gateway provider capture the IP (web)
complete address, phone number, credit card number,addresses from which the purchases are made.
card expiration date, and credit card security codeWhen I logged into my merchant account, I quickly
(verification number).realized that each of the transactions of the day were
Even though I had address verification turned on asall coming from the same IP address. The IP address
well as the credit card security code verification turnedchanged the next day, however, so this won't be a
on in the settings for my online payment gateway, thisvery valuable tool to track the thief. However, I still had
did me no good. My merchant account providermy web host block access to my site from these IP
informed me that when the thief has completeaddresses as an additional precaution.
information, there's essentially nothing a merchant can6. Too many declined transactions in too short of a
do to prevent fraud. Setting your address verificationperiod of time. Normally, if someone tries to join my
at maximum may block legitimate sales, especiallysite and their transaction is declined, I don't receive any
when the sales are outside the U.S. This leaves manynotification of this. I'm not sure I can change that fact,
online merchants stuck between a rock and a hardbut I'm certainly more motivated now to regularly log
place.into my merchant account to check my number of
One upside to this situation is that I didn't ship outdeclined transactions. Had I been doing this regularly, I
physical products but was selling virtual items likewould have realized the fraud that was taking place
ebooks and site memberships. I've heard horror storieson my site much sooner.
of merchants losing tens of thousands of dollars in7. Affiliate is in another country. Some countries have a
goods shipped to a fraudulent account. My thief's goalreputation for being a hothouse for online fraud. As I
in this scam was in collecting affiliate commissions. Hechecked the info my affiliate provided in his affiliate
was hoping I'd pay out affiliate commissions on hisaccount, his address listing didn't seem quite right, and
"sales" prior to discovering that all of this sales werehe listed himself as a resident of a country nearby to
fraudulent. Fortunately, I didn't fall prey to that, as Ithose known for online fraud. This fact added to my
would have been out even a greater amount ofever-growing list of suspicions.
money than I already am.8. Big ticket items. The sales that were made were
The second upside in this situation is that my thiefconsistently my highest-priced item. As mentioned
wasn't bright enough to enter fake telephone numbers.earlier, that sales pattern is unusual for me, so it tipped
Because he generously provided me with the correctme off, as well. My thief apparently wanted to rack up
phone numbers of the other victims in this scam, I wasthe greatest amount of sales in the shortest period of
able to contact them and let them know what wastime by repeatedly "buying" my highest-priced item.
going on. Otherwise, I would have had to resort toI'm still sorting out this mess. Because the card holders
direct mail to reach them if I wasn't able to find ahave all canceled their cards, I'm unable to refund the
phone number through directory assistance.money from the fraudulent sales. I'm working with
So, what were the indicators that these transactionsthem and their credit card companies to try and rectify
might not be valid? Here are the 8 clues that tippedthe situation from my end and prevent nasty charge
me off to the possibility of ecommerce fraud:backs from being issued to my account (too many of
1. Emails don't resemble the name of the purchaser. Ithese puts your merchant account in jeopardy, as you
require an email address for a purchase. In the vastthen appear to be an unreliable business). My merchant
majority of cases, the purchaser's email addressesaccount provider also encouraged me to provide all
resembles some portion of her name or business. Inthe info I have about this scam to the Internet Crime
my case, none of the emails from the recentComplaint Center.
purchases mirrored the given name of the purchaser.If your Spidey sense is triggered by unusual sales
One or two I could count as an oddity -- 5 or 6 in aactivity on your web site, don't delay in checking it out.
row made me very suspicious. In this case, all of theAt best, if your suspicions are groundless, you'll make a
emails were valid, as the thief opted into my emailpersonal connection to your customers and they'll
marketing system with each email address. However,know you're diligent and you care. At worst, you'll nip
they weren't the valid email addresses of the peoplethis scam in the bud before it gets out of control.
whose names were on the accounts.Copyright (c) 2009 OnlineBizU.