Handling Large Orders Through Your Merchant Account
Thursday, February 28, 2008
The big deal about handling large orders is that they are a sign of danger! And that’s because, large orders mean more risk of fraud, and a greater amount of loss if the transaction goes haywire because of fraudulent elements. The order must be verified to prove its legitimacy. A large order would be one that exceeds by far your average ticket amount. For instance, if usually your ticket amounts to $350 and all of a sudden you are approached with an opportunity of a single sale of $5,000.00, it is a cause for concern.
Conduct address verification (AVS) and Card Verification Value 2 (CVV2). However, these verifications by no means protect a merchant from a customer using stolen credit cards. In such scenarios, vetting the transaction becomes necessary.
Vetting: This terms refers to background checks conducted with the purpose of examining and evaluating someone before offering them employment or banking services. This originally “horse-racing” term has taken the general meaning “to check”.
In case of Merchant accounts, vetting a transaction is important, especially when the amount is unusually large. A thief customer will ask that the merchandise be shipped to a different address than the one on the credit card, so a good place to start is to look at the Internet Protocol (IP) address of the consumer to see if it is close to the credit card billing address. Some merchants have a service built into their shopping cart software that will verify this automatically.
Your next step must be to contact the customer at a given phone number if any, or at the e-mail address provided. Most of the time, if the transaction is not genuine, the customer using a stolen credit card will not leave his contact number or e-mail address. A great idea to contact the card owner is by approaching the credit card issuing bank and explaining the entire matter to them, who may then either provide you the contact details or agree to contact their customer on your behalf. If there is a number to reach the customer, make sure to ask for a fax of the signed credit card authorization form
Also, make sure to ask for signature on delivery. You will have to request the shipper to do that for you. For good measure, inform your customer that it would be required of him to sign a receipt to receive the merchandise.
Once you’re through with vetting your transaction, verifying all details and documenting your actions, it is time to call your merchant account provider. Do this before your daily batch is uploaded. That is because, seeing such a huge transaction will become a cause for worry to the processor, who too is at risk in case the transaction turns out be fraudulent. Most processors will place funds on hold if they have not been intimate in advance and if the amount is significantly larger than the typical ticket size for your account.
Inform you merchant account provider about all the steps you have taken to establish the authenticity and credibility of the customer. Also, ask if any other steps need to be taken. Once the transaction is approved from the credit card processors end, you may continue with your big sale!
For more, visit Credit Card Processing and Merchant Account Services
Conduct address verification (AVS) and Card Verification Value 2 (CVV2). However, these verifications by no means protect a merchant from a customer using stolen credit cards. In such scenarios, vetting the transaction becomes necessary.
Vetting: This terms refers to background checks conducted with the purpose of examining and evaluating someone before offering them employment or banking services. This originally “horse-racing” term has taken the general meaning “to check”.
In case of Merchant accounts, vetting a transaction is important, especially when the amount is unusually large. A thief customer will ask that the merchandise be shipped to a different address than the one on the credit card, so a good place to start is to look at the Internet Protocol (IP) address of the consumer to see if it is close to the credit card billing address. Some merchants have a service built into their shopping cart software that will verify this automatically.
Your next step must be to contact the customer at a given phone number if any, or at the e-mail address provided. Most of the time, if the transaction is not genuine, the customer using a stolen credit card will not leave his contact number or e-mail address. A great idea to contact the card owner is by approaching the credit card issuing bank and explaining the entire matter to them, who may then either provide you the contact details or agree to contact their customer on your behalf. If there is a number to reach the customer, make sure to ask for a fax of the signed credit card authorization form
Also, make sure to ask for signature on delivery. You will have to request the shipper to do that for you. For good measure, inform your customer that it would be required of him to sign a receipt to receive the merchandise.
Once you’re through with vetting your transaction, verifying all details and documenting your actions, it is time to call your merchant account provider. Do this before your daily batch is uploaded. That is because, seeing such a huge transaction will become a cause for worry to the processor, who too is at risk in case the transaction turns out be fraudulent. Most processors will place funds on hold if they have not been intimate in advance and if the amount is significantly larger than the typical ticket size for your account.
Inform you merchant account provider about all the steps you have taken to establish the authenticity and credibility of the customer. Also, ask if any other steps need to be taken. Once the transaction is approved from the credit card processors end, you may continue with your big sale!
For more, visit Credit Card Processing and Merchant Account Services
posted by Peter, 10:34 PM
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Five Tips to Select the Best Wifi Service Providers
Wednesday, February 27, 2008
Wifi main role is to provide the connectivity amongst various types of communities. It is one of the good, cheapest and consistent tools of communication in the USA. There are many wifi service providers are in operation in USA. Selection of Wifi depends on the services and your configuration.
1. The first priority of the using the wifi is the connectivity and the transfer and clarity of the data and voice systems. The Wifi technology is different from the conventional communication system. It is connected through Internet broadband connection and special types of hardware like antenna, adaptor are used to run the system. The clarity varies depends on your Hardware and hotspot locations. The wireless Internet consists of Antenna, laptop of palm top and window CE equipment. The wireless Internet refers as wireless fidelity (WiFi), especially in name wifi in hotspot.
2. The second criteria for the selection of Wifi system are prices. It varies from company to company and from plan to plan in each company. You must have to see from your angle which plans are better and most suitable to you.
3. The third most important considerations while selecting the Wifi services is it must be secured. You need to take adequate safety measures to get your system and access system secured from the hackers.
4. Please make it confirm that your office, home or other access points using the Wireless Equivalent Privacy (WEP), which encrypt your wifi traffic. The encryption, which cover your data to fight to enter a crawling and the undecipherable code.
5. It is essential to get in touch with the customer care departments if you find any additional amount in your bill.
Selection of right kind of Wifi services through which you can get easily connected at any distance.
1. The first priority of the using the wifi is the connectivity and the transfer and clarity of the data and voice systems. The Wifi technology is different from the conventional communication system. It is connected through Internet broadband connection and special types of hardware like antenna, adaptor are used to run the system. The clarity varies depends on your Hardware and hotspot locations. The wireless Internet consists of Antenna, laptop of palm top and window CE equipment. The wireless Internet refers as wireless fidelity (WiFi), especially in name wifi in hotspot.
2. The second criteria for the selection of Wifi system are prices. It varies from company to company and from plan to plan in each company. You must have to see from your angle which plans are better and most suitable to you.
3. The third most important considerations while selecting the Wifi services is it must be secured. You need to take adequate safety measures to get your system and access system secured from the hackers.
4. Please make it confirm that your office, home or other access points using the Wireless Equivalent Privacy (WEP), which encrypt your wifi traffic. The encryption, which cover your data to fight to enter a crawling and the undecipherable code.
5. It is essential to get in touch with the customer care departments if you find any additional amount in your bill.
Selection of right kind of Wifi services through which you can get easily connected at any distance.
posted by Peter, 11:33 PM
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Monday, February 18, 2008
posted by Peter, 7:22 PM
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