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Benjamin Franklin once said, "An ounce of prevention is worth a pound of cure.” This concept also applies to online fraud. Any online merchant - large or small - is susceptible to fraud because criminals frequently look for opportunities to seek credit card information and data from unsuspecting e-merchants. Virtual stores assume 100% of losses due to fraudulent transactions. This alone shows the importance of investing in anti-fraud solutions to avoid having them affect your bottom line. However, there is no need for despair - there are many ways to keep your online store healthy. Below we have some hints you can use right now to improve the security of your website:

Chargeback & Fraud Protection Team

By Chargeback & Fraud Protection Team

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Four practices to protect your e-commerce store from fraud


Four practices to protect your e-commerce store from fraud
  1. Implement one-click payment

Large global e-retailers such as Amazon offer this option. The big advantage is that as customer data is stored, they don't have to fill out a new form at the time of purchase and input their credit card data every time, offering fewer opportunities for fraudsters to steal this data.

  1. Demand strong passwords

When customers register on your site, demand that they use stronger and more complex passwords that include both numbers and letters. Make sure to tell them this is to increase the security of their data and purchases. Some customers might feel this is a nuisance, but if you are careful to explain the benefits, they will see the value.

  1. Limit the number of denied transactions

Often fraudsters use malicious software that enters different credit card numbers successfully until they are able to make a purchase. One way to avoid this is to limit the number of times users are allowed to input incorrect credit card data. If this number is exceeded you can temporarily block the customer and put him or her on a high-risk list.

  1. Hire a professional

Trying to do this on your own takes a lot of time an effort. A qualified partner can help you with this side of the business so you can focus on sales, customer loyalty and seeking new customers. Most fraudsters are very tech-savvy and know how to bypass system security. It is possible, but difficult to avoid fraud and chargebacks without the help of a specialized company. Contact contact@clear.sale for more information on how we can be your fraud management partner.

Happy selling!

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