Online Credit Card Fraud

Theft of goods and services through credit card fraud is the most important form of fraud to be aware of, as online merchants are particularly vulnerable. Because you’re unlikely to meet your customers face-toface, it can be hard to know whether the credit card payment you’ve accepted is really from a valid customer. If it isn’t, you may lose both the product and the payment. And while credit card holders usually have limited liability, merchants shoulder the full cost of a fraudulent transaction and related fees.
While most of the material in this article relates to online credit card fraud, you should also be aware of other online frauds that affect merchants.