In todays society, a lot of people decided to carry a very small amount of cash or none. Any shops that doesn't accept credit cards is potentially losing customers. Many merchants understand that by accepting credit cards for sales transactions, it will gives their customer another choice in payment besides cash.
A few years back there were just a handful of shops that would accept credit card payments such as Visa, Mastercard, AMEX etc but nowadays you will definitely find that most of the shops worldwide can accept credit cards. Now, the evolution of internet took credit card industry into a new turn and up came ecommerce and online store.
Due to this situation, came fraudsters. These fraudsters use various techniques to commit credit card related fraud. Most of them disguise themselves as online merchants who accept credit cards as mode of payment in their "so-called" online store. By doing that, they can obtain credit card details easily. Other than that, they are also irresponsible people who work at merchant shops cloning or just copy critical information from the customer's credit cards. Then there are also tech-savvy fraudsters who use computer as a tool for them to spy on the people who use their credit cards for online payments. They will be able to capture their credit card information from online transactions made and transmitted to them.As a fully PCI Compliant IPSP/MSP/ISO to numerous banks worldwide with a dominant presence in the Asia Pacific region for more than 5 years, iPayDNA provides online payment processing solutions for internet merchants to process credit card payments. Equipped with high level of fraud and risk management tools, iPayDNA merchant account and payment gateway helps a lot of merchants and service providers to accept credit cards and fight fraudsters from gaining access to the credit cards transactions illegally.
Protect yourself from these fraudsters and scammers by following this simple safety tips;- Try not to let your credit card out of your sight whenever you use it, and make sure you get it back as quickly as possible.
- Be very careful to whom you give your credit card. Don't give out your account number over the phone unless you initiate the call and you know the company is reputable. Never give your credit card info out when you receive a phone call. (For example, if you're told there has been a 'computer problem' and the caller needs you to verify information.) Legitimate companies don't call you to ask for a credit card number over the phone.
- Never respond to emails that request you provide your credit card info via email or to website which verify personal (and credit card) information. These are all 'phishing' scams.
- Never transact on a non-secure site, check if the site has "https" on their URL.
- Sign your credit cards as soon as you receive them.
- Don't write your PIN number on your credit card.
- Never leave your credit cards or receipts lying around.
- Keep a list in a secure place with all of your account numbers and expiration dates, as well as the phone number and address of each bank that has issued you a credit card. Keep this list updated each time you get a new credit card.
- Not to carry around extra credit cards that you rarely use.
- Check you credit card statement, reconcile it monthly. Save your receipts so you can compare them with your monthly statement.
- If you find any charges that you don't have a receipt for - or that you don't recognize - report these charges promptly (and in writing) to the credit card issuer.
- Never lend a credit card to anyone else.
Article Source: http://www.articlesbase.com/Are You Ready to Accept Credit Cards Online?
