Product Reviews Facts and Notes

There is a huge subculture of criminals who are out to rip off online merchants. They even have their own forums which you can find by searching Google for “carders forum” In these forums they buy and sell credit cards by the thousands.

Carders and fraudsters use stolen credit card information primarily to buy goods and services online from unsuspecting merchants. In 2007 the total they stole from websites was $3.6 BILLION. In 2008 the total will be more than 4 billion.

Did you also know that the only party at risk in an online credit card transaction is the merchant? Not the bank, not the card companies, not the cardholder, no only the merchant.
This is because the merchant does not have a signature from the cardholder. Without that signature the merchant is screwed and will not only lose the goods or services but will be fined $20 for the priviledge.

The biggest problem online merchants have is they simply do not have a signature from the cardholder and they are unlikely to get it. Without a signature from the cardholder, the merchant is the only party at risk. This is because there is no proof the cardholder authorized the transaction.

Another problem for online merchants is real cardholders who buy goods and services and then later claim they never authorised the transaction. This is a growing problem and one I have found some solutions which you can apply.

What can a merchant do to avoid this problem? Thats a good question and luckily after 13 years of confronting this problem I have produced a step by step solution. You need never be ripped off again. My new book “Merchants Beware and it’s companion video will lead you through the easy steps to detecting fraud before its a problem.