Quick Anti Fraud Tips for Online Merchants

Online merchants are at a high risk of online payment frauds. This is because most credit/debit card systems have initially designed for on-counter sales (face-to-face interaction) and not intended for receiving virtual payments. 

Online payment risks can be minimized by adhering to some of the most essential security tips mentioned here -

1.    Always store a list of phone number and customer addresses in your database after proper verification.

2. Don’t process any order without receiving customer payment.

3. Try to incorporate address verification services for all the different modes of online payments.

4. Dispatch orders on physical mail address rather than post box numbers.

5. Ensure the use of comprehensive anti-fraud mechanism and 3D secure features while processing an online order.

6. Avoid accepting orders from free email domains.

7. Study consumer behavior from historical trends i.e. analyze purchase patterns adopted by thieves in the past and avoid processing online orders demanding fast delivery of costly items, unless verified.

8. Match the IP address to the location provided with the help of DNS lookup table.

9. Avoid overseas product deliveries, which can call for legal complications.