7 Tips for Ecommerce Merchants to Detect Online Fraud

SRII SRINIVASAN | January 16, 2019

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Being an ecommerce business comes with its own set of unique challenges. For one, it’s very difficult to validate a real customer, and you can also face a lot of issues that come with unauthorized transactions—such as resulting chargebacks, which can cause even more financial loss.Receiving a fraud chargeback notification can feel like a punch to the gut. And since credit card companies have put the onus on online merchants to ensure that orders have been placed by cardholders, it is incumbent on them to educate themselves on how to spot fraudulent transactions. Address Verification Service is an automated fraud prevention system designed to reduce the risk of fraudulent transactions. AVS compares the billing address supplied by the customer when they checkout to the address the issuing bank has on file. An AVS mismatch may be a sign of fraud, since the criminal might have limited access to the cardholder’s personal information and be unable to provide an exact match. While an AVS mismatch does not guarantee an order is fraudulent, it is an indicator that you need to take a better look at the other risk factors on the order.

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OTHER ARTICLES

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DABA

Headquartered in Barcelona, Spain, DABA is specialized in Nespresso encapsulated coffee market development in different countries of Europe and Africa. We are the exclusive distributor of the brand in the markets in which we operate.

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