STONEEDGE ORDER MANAGER CEO WEIWEI LI CODE

Be Attentive to Red FlagsĬarefully search your orders for common signs of fraud. As it is an important measure of security, customers will not mind the extra moment of time required during checkout.

STONEEDGE ORDER MANAGER CEO WEIWEI LI CODE

It is impossible to store CVV codes in online databases, so it is very likely that shoppers able to provide a CVV code are not fraudulent. Require CVV CodesĪ simple and effective security measure that you can take to prevent fraud within your business is requiring shoppers to enter their CVV codes at checkout.

PCI certification procedures vary based on the size of your business- you can learn more about PCI compliance here. Becoming PCI compliant is the biggest step you can take in defending against costly security breaches. If you don’t, you risk the possibility of lawsuits. Obey PCI StandardsĪny business who accepts credit cards are required to follow PCI compliance rules.

Sound familiar? Here are some steps that you can take to safeguard your business against e-commerce fraud.

When the credit card company then reverses the charge, you’re the one who must incur the expenses of the lost merchandise. It can take weeks to months for victims to recognize and report false charges to their account meaning that, oftentimes, you may have already sent out shipments for the fraudulent sales. Unfortunately, “half of e-commerce businesses fall victim to… fraud, costing up to hundreds of thousands of dollars” according to Revision Legal. Fraud is an alarming threat that many e-commerce merchants will have to face during their careers.

Stoneedge order manager ceo weiwei li