How to Avoid Chargebacks

Chargebacks can cause a great deal of trouble for a business, especially when merchant accounts initiate fees for them. Credit card processing has a wealth of benefits, but it also has complications such as consumer chargebacks. Consumers initiate chargebacks for a wide variety of reasons including fraud, attempted theft, honest mistakes and discontent. Every business […]

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Building Your Small Business

Accepting credit cards is a necessity for small businesses because it allows them to remain competitive, offer convenient payment methods to buyers and not forego a sale in the event customers come up short of cash. Understanding the world of credit card processing can seem daunting at first, but these 3 key principles help address […]

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Reading Reviews Before Selecting Your Merchant Account Provider

When looking to select a company to use as a credit card processor, it’s wise to choose one that offers all the right services at a good price. However, one should take it further, and here are three things to look at when reading reviews for a merchant services provider. Speed: Without a doubt, if […]

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All About Flagship Merchant Services

Flagship Merchant Services has been helping merchants conduct transactions online for many years. As a leader in credit card processing and merchant accounts services, Flagship Merchant Services has remained focused on giving business owners of all size the solutions they need to effectively do business completely online. How does credit card processing work? There are […]

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All About

Without a doubt, when looking to get credit cards processed, one should go with a solid, reliable and trustworthy company. When doing so, it’s easy to avoid mistakes that others suffer from. While true, one should know where to look, and is a great place to go, and here are three reasons why. Provide […]

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What is the Bankruptcy Notification Service?

Without a service, it’s hard for people to know when someone went bankrupt, and this is often a problem when dealing with merchant accounts or other financial services. For this reason, the two major worldwide credit card companies, Visa and MasterCard, have developed a service to help people track bankruptcies. With this, people can see […]

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When accepting payments, one will have to have a merchant account, and they will also have to pay for the service and buy or rent equipment. This is just part of doing business, and one will save money in the long run if they use a great service. With this in mind, an entrepreneur will want to avoid fraud, and he or she can do so with an address verification service. While a lot of people may know the term, they don’t know what it means. With this in mind, here is a short guide explaining what an address verification service is.

Billing address of the consumer: Now, a lot of people have multiple addresses, or they have a business and home address. To avoid any issues, one should know where their credit card is registered. Then, when trying to making a payment or buy something online, one can do so with ease if they have the right address in mind. Since a merchant account owner will verify this, there is no way around it, and a person must know the zip code, street and house number. Then, one can watch the transaction complete quickly.

False positives: Sadly, sometimes, there are false positives, and one will have to manually override the transaction. Other times, if the consumer has shopped at the store often, he or she can have the product shipped to a different location. Either way, when looking to buy something online, one should realize that credit card processing is not simple, and mistakes can easily happen.

Biggest way to prevent fraud: Without a doubt, when shopping online, one will want to avoid fraud. This is not easy, especially when sending items over the Internet. So, for this reason, when looking to protect the company, one must use multiple methods to prevent fraud. For starters, one should use common sense and look at the IP address of the buyer. But, when thinking about it, one will realize that they can avoid issues if they simply verify the address of the consumer. Simply put, when looking to prevent fraud with credit card processing, an address verification system is the best tool to use.

When looking to accept plastic, one should use every tool available to fight fraud. When doing so and using an address verification system, one can save time and money, all while avoiding other problems related to online shopping.