by Rebecca Button on December 7th, 2007
As the holiday season is one of the busiest for all retailers, it is also during this season (and particularly in the first few days after the holidays are over) that the risk of return fraud runs the highest. So how can your business avoid return fraud this holiday season? We’ve compiled a list that will help, whether your business is an online one or brick and mortar.
4 Easy Steps to Avoid Return Fraud This Holiday Season
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by Leeia Ladipoh on December 7th, 2007
When you run a retail business, whether online or off, your profit margins can be changed to a great degree by several factors. Having items returned to you is definitely one of them. As the holiday season is one of the busiest for all retailers, it is also during this season (and particularly in the first few days after the holidays are over) that the risk of return fraud runs the highest.
There are several types of return fraud. The most common is a customer who returns an item that they have paid for with a check, but for the... Read more »
by Veronica Stone on October 16th, 2007
Order fraud is one of the most common types of online business fraud that there is. Whether someone is using a stolen credit card or information from stolen checks, etc, there is a chance that you could end up paying for it. When a company accepts payments with credit cards without the magswipe, there is a risk. Of course, since you do business online, it’s impossible to ask the customer to swipe his or her credit card. There can be fraudulent orders coming through right this second.
If there is no swipe of the card, it’s very easy for someone... Read more »