How To Avoid Credit Card Frauds

Credit card frauds cost card holders and credit card companies millions of dollars every year. Credit card frauds cost card holders and credit card companies millions of dollars every year. Although some of the fraudsters use ingenious methods, most of the people committing fraud on credit cards use very mundane methods that are anything but hi-tech. The most obvious and common type of misuse is through the physical theft of the card itself.

When somebody steals your card, he or she is as good as stealing money from you. For this reason, you should always keep your credit card in a secure place, and carry it around with care. Abuse of the trust is a closely related and common means of fraud. Never let anyone borrow your credit card. If necessary, use it on their behalf, but do so yourself.

Take care to sign on the credit card as soon as you receive it. When you use your credit card at a shop or restaurant make sure that you get it back immediately after the transaction is over. Wherever possible, do not lose sight of the card when the bill is being made out. Fraud using credit cards online is a major problem.

To avoid your credit card being misused on the Internet, make sure that any site in which you are giving your credit card number is secure and trustworthy. Never use your credit card on the Internet unless you are sure of the site. Do not part with your PIN or credit card number and the three digit extension, unless you have to. You should be particularly careful of emails from unknown persons promising attractive rewards, or pretending to be company officials, and asking you for these details.

Ditto for information over the telephone. Finally check your card statements carefully as soon as they arrive and report any discrepancies immediately. Also, report the theft of your card, if it happens, as soon as you come to know of it. Your liability could reduce substantially if you do so.

Yes there is and here are a few suggestions. If possible, carry your credit cards and other bank information somewhere other than your wallet or purse. This way, if a thief nabs it, you will be out only your cash--not your credit cards. Another way is to only take the credit card that you intend to use that day--leave the others at home.

Make a list of all your credit cards and keep it in a safe place, make sure to list the numbers and contact information of the issuing company. That way, if you do lose them, you'll have the information necessary to contact the credit card company as soon as you notice the theft. Never sign a blank receipt, and always be sure to cross out blank lines.

For example, if you bought something that didn't require a tip, cross out the tip line so nobody can add to it later. If you're making a purchase online, be sure that you do so via a secure site. If you move, report your new address to your credit card issuer immediately. Also fill out a change of address form at the post office. Sneaky thieves are on the look out for people moving, and then watch the mailbox of the old house, hoping that they can intercept a credit card statement.

Credit card fraud is not an occurrence without its share of repercussions. If you run a business, then you know this in a hurry. But what options do you have, After all, you don't want to move to cash and check only, because you limit the convenience to your customers and the reach of your business's profitability.

It's far better to enter the shark infested waters of commerce and fight to be the top fish in the sea. To do so, you'll need to be mindful of the ways that thieves operate, and you'll need to stay ahead of the game when it comes to defeating their efforts.

Chargebacks are perhaps a business owner's worst nightmare because they represent a sale lost along with missing merchandise. If you burn your potential customers by serving the people, who are stealing and using their cards, then you quickly develop a reputation as a business that is lax on customer protection. If a person does not feel safe doing business with your company, then he won't.

But the carnage doesn't end there. The harder that you lose the fight against credit card fraud, the fewer sales that you will end up making, and that will ultimately kill your business. While credit card fraud may only take up a small percentage of the transactions that you encounter on a given day, how you deal with them is of the utmost importance. Fraud is like a cancer to a business. Refusal to treat it will only result in the spread of its damaging effects.

The idea of making money by giving things away is not new but giving away credit cards is a new way to make money working from home. Can you really make money giving away credit cards, A new type of home based business enables you to make money working at home simply by giving away credit cards. The business is fre to start, not MLM and you don't have to sell anything, do any recruiting or pay any fees. So, back to the original question: can you make money giving away credit cards,