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Here's a brief list of some of the more prominent countries throughout the
world that are prominent for their credit card fraud, particularly as it pertains
to e-commerce credit card fraud. If your retail, wholesale, distributor or manufacturer
business provides international overseas shipping, be certain you verify all information
pertinent to the order, including address, phone number, credit card and bank
information. Keeping a careful and common sense eye on your online store's orders will help you to learn how to identify and prevent e-commerce credit card fraud.
Usually, these criminals are very persistent and will contact you repeatedly
in attempt to get their online order processed. Their orders are usually for
high-dollars parts, products and services that are worth one hundred dollars
or more and include quantities that are extremely odd. They are also more than
willing to pay full retail for these products, when the average person ordering
10 to 200 parts will request a dealer or distributor discount. For them, the
larger the amount, the greater their reward and the worse your loss. Don't see
dollar signs. Instead, learn to identify the signs of fruad, particularly fraud
upon the Internet. One way around this is to have them initially perform a small
purchase. Once the order is completely processed and all funds transfer and
are verified, after 30 days, allow them to make a larger order. If they're ligit,
proceed to a slightly larger amount. Forcing them to pay for orders using PayPal is also an excellent option, since PayPal generally enlists draconian credit card verfication. You are also encouraged to verify with
your bank on fraud identification techniques.
Also note (*), the countries of Malaysia and Signapore may be interchangable,
since they share the same postal codes. The list below should alert you to flag these countries as potential threats to your international e-commerce operation's finances.
Africa
Belarus
Egypt
Estonia
Ghana
Hungary
Indonesia
Israel
Latvia
Lithuania
Macedonia
Malaysia *
Nigeria
Pakistan
Phillipines
Romania
Russia
Singapore *
Slovak Republic
Thailand
Turkey
Uganda
Ukraine
Vietnam
Yugoslavia
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