This article deals with some considerations with merchant accounts that can help one prevent credit card frauds.
Identifying anonymous email-
Anonymous email addresses are very potent medium and camouflage for fraudulent elements to get you, since these email addresses are not associated with any specific email account, fraudulent agencies can potentially use them to camouflage their respective identities.
Card Verification Value-
Merchant accounts very often require that a customer provides the card verification value code to proceed with a specific purchase. This is a good sign because the fact that the CVV code is with the consumer usually indicates that the prior card details are in the possession of the holder of the card.
Using AVS or Address Verification System-
To prevent credit card fraud, make sure that you use Address Verification System. With the help of AVS a cardholder’s identity is verified. This is done by checking its zip code, phone number and other details like billing address.
The credit card information should be processed manually rather than automatically-
Some merchant services are likely to install system that processes credit cards automatically. But it is usually advised. It is important that you ensure that the processing of the credit card information is not done automatically, but rather it is to be done manually. When the credit card is manually processed, you are granted with the opportunity to ensure that the details of the order are without any discrepancy and you can also verify things that may appear suspicious to you.
If you are looking for third party processors merchant services, consider Noire Pay.
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