Finance

8 Suggestions for Safely Processing Merchant Credit Cards

One thing that you will need to have to ensure your business’s success is a Los Angeles merchant credit card processing account. In addition to being able to accept cash and checks for payment, it enables you accept debit and credit card payments. While it is practically a given that you need to accept credit cards, there are risks there as well. To avoid fraud and charge backs, here are a few things you need to follow

One thing that you will need to have to ensure your business’s success is a Los Angeles merchant credit card processing account. In addition to being able to accept cash and checks for payment, it enables you accept debit and credit card payments. While it is practically a given that you need to accept credit cards, there are risks there as well. To avoid fraud and charge backs, here are a few things you need to follow

Be careful when dealing with international buyers and sellers. I’ve had problems with Eastern European, some Asian and other developing nations. Most of those who are involved in scam purchases can be found in such areas. Carefully investigate any large order that has many expensive items.

The CVV number must be obtained. This is the number located on the back of the card next to the signature line and after the 16 digit number. Studies show that requiring this number reduces charge backs by about 25 percent. Transactions will be denied by some credit card companies without it.

Look suspiciously at orders for your most expensive items with a request for overnight shipment. That’s particularly good if these things can easily be sold for cash out on the street. This applies to very large orders as well.

When it come to Los Angeles merchant credit card processing, don’t hesitate or be afraid to exercise extreme due diligence with suspicious orders. If you receive an order that seems a little weird to you, you should get the customers info including his name address and phone number. Satisfy yourself that the transaction is authentic.

Should you be suspicious about an order, request identification and copies of the data and the credit card. Get the faxed copies of credit cards and licences from the purchasers. This will protect you from any purchases that are fraudulent in nature. A legitimate customer may object and say it’s too much hassle, but consider the fact that in that case you may only lose the sale. If you shipped the product to the fraudulent buyer, though, you won’t get the price of shipping or the product back.

You can dial 411 to activate the reverse look-up feature, allowing you to verify addresses and phone numbers. Make sure that whoever delivers it will get a signed slip when they bring your item to those who’ve bought it. Keep copies of the signatures in your own files. The person buying from you may say it’s okay to leave the package that’s delivered on their porch. Be cognizant of the fact that if he cannot find it when he returns, you will have to replace it.

Be up front, firm and consistent with your safety and security measures. Ensure your employees have a good understanding of these particular measures. Putting these points to good use will help cut down on fraud. Most scammers won’t try their wiles on web sites where there seems to be a lot of security. They’ll pretty rapidly take themselves to a lot of other web sites where there is easier prey.

Los Angeles based 1st National Credit Card Processing, established in 1994, is the leading BEST-for-LESS provider in the electronic merchant services card processing industry and the premier provider of Credit Card Terminals, POS/Point of Sale Systems, Check Readers, eCommerce Solutions, Internet Payment Processing, and ATM Machines.

These resources allow the Merchant Services Partners’ Alliance to offer a vast variety of superior products and services at extremely competitive prices in all types of industries.

For more Credit Card Processing information, visit www.1stnationalprocessing.net