Avoiding Fraudulent Orders and Unscrupulous Customers

Introduction

In this article, you’ll learn how to spot the signs of potentially fraudulent orders and protect yourself from unscrupulous consumers.

Currently, identity theft laws are anemic and law enforcement is often unwilling to pursue “minor” cases. Until the laws catch up and law enforcement begins to prosecute these cases more aggressively, online merchants are pretty much on their own.

Because of this, it pays to be informed about what you, as an online merchant, can do to protect yourself from credit card fraud and other deceptive activities.

As described in this tutorial, you can implement four proactive strategies to protect yourself and your business from fraud:

• Prevention: Stop fraud by following fraud-prevention strategies.
• Early detection: Watch for red flags that indicate possible fraud.
• Investigation: When you notice suspicious activity, investigate.
• Action: When you’re relatively certain that fraud is occurring, contact someone who can do something about it.

Protect yourself

Customers typically pay for merchandise with credit cards, checks, money orders, or PayPal payments. In the following sections, we reveal several ways to identify and stop the most common payment scams.

Preventing credit card cons

Credit card con artists have numerous hi-tech and no-tech ways of obtaining credit card numbers…
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