The confidence of internet users have been built on the integrity of online payment systems So also have there been an increase in shopping on the internet and tons of companies are accepting online payments, which also increases the risk for credit card fraud. Unfortunately, this is a familiar scenario for webshops. You receive a large order from a new customer. But at the same time, something doesn’t seem quite right.

With a little research, you realize that this is a case of credit card fraud – hopefully before sending the order. It can be very damaging to your business if you end up being the victim of many successful fraud attempts.

Although it is difficult to catch every credit card scammer, there are a number of things you can do as a web shop owner to protect your web shop against credit card fraud.

Indicators for credit card fraud

First and foremost, it is important to discover what you need to monitor in case of attempted fraud. We’ve listed some potential indicators of transactions that are very likely to be attempted credit card fraud:

1. An order that is much larger than normal

2. First-time customers you haven’t sent an order to before.

3. An order where the delivery address is not the same as the billing address

4. Any previously rejected orders prior to a successful order, especially if the billing information or card number was changed in subsequent order attempts

5. IP-addresses that are not in the same area as the billing information for the order

6. Email addresses where the person’s name in the email address does not match the name of the person in the billing information

These are just some of the things you need to be aware of. These indicators do not necessarily mean that you are dealing with a fraudster. Even so, it is important that you be aware of them before shipping out an order.

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