Anti Fraud Measure
Wednesday, April 22nd, 2015
Accepting credit card payments online has always carried risks for online businesses such as ours. Fraudsters get ahold of credit card data, and will attempt to make online purchases with the stolen credit card info. Once the card’s owner realizes there are charges on their card they’ve not authorized, they call the bank that issued the card to dispute the purchase. This has the effect of reversing the purchase, so the vendor does not get paid, and will also get charged an additional chargeback fee.