Credit Card Fraud On The Rise

It is now easier than ever to start an online business, and subsequently it is now much simpler for people to purchase things on the internet. As a result, the risk of falling victim to fraud is constantly rising, according to the Consumer Fraud Task Force. If we look back at 2016, the Better Business Bureau reported that online purchase scams were the fourth-highest during that year.

Credit Card Fraud

That’s why it is now important to perform diligent research before inputting your credit card details. Check whether they are legitimate, trustworthy and genuine before you even consider making a purchase. This will allow you to avoid the gut-wrenching feeling when you part with your hard-earned cash to receive nothing in return.

A recent study compiled by the Consumer Fraud Task Force revealed alarming statistics against a number of businesses through the US. Firstly, a St. Charles County based business have had several complaints filed against them with both the BBB and the Missouri Attorney General. This was regarding a failure to deliver products that had been paid for. Secondly, similar complaints were made against an online clothing business where they took months to complete deliveries.

Furthermore, the Task Force also offered some brilliant tips to avoid credit card fraud when shopping online. These included:

  • Install robust anti-virus software and a firewall
  • Ensure the site is secure – the web address (URL) should start with https://
  • Confirm the sites address, phone number and email address
  • Watch out for hidden costs
  • Always pay with a credit card so you can dispute charges
  • Confirm shipping dates

The Consumer Fraud Task Force that conducted the research is an alliance of local, state and federal government agencies, non-profit business and consumer groups in Missouri and Illinois. They work in harmony to ensure consumers are protected against online fraud and scams.

High Risk Merchant Account LLC
915 Folly Road, Suite 49
Charleston, SC 29412
1-877 493-4622

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