Why are fraud protection services so important?
Internet credit card transactions have a little inherent risk involved as merchant is not physically present to take a physical card swipe or secure a valid signature. One example of online credit card fraud is to protest online charges. Unfortunately for merchants, usually such disputes are decided in favor of the card holder. In such a case, the merchant is not only liable for the actual amount of the chargeback, but banks routinely add on a $25.00 to $30.00 fee. To protect the merchant from such frauds it is important that online billing services employ cutting edge fraud protection system.
Related Questions
- Do PayPal’s built-in systems and the Fraud Protection Services add-ons include the same filters, lists, and other security technology?
- Should I pay for both the Banking Intelligence and the IP Intelligence services to have a better fraud prevention tool?
- Have There Been Similar Cases of Fraud Involving BPO Services in India?
