Gift Basket Business Blog

Credit Card Fraud: Are Your Customers at Risk?

May 5th, 2009 at 07:47pm Lorie Obernauer

As small business owners, we manage many facets of our businesses. Processing credit cards for customers seems like one of the easy parts: we swipe the card, get electronic approval from the bank, and everyone’s happy. But, “according to the Merchant Risk Council (MRC), Seattle, a trade association focused on e-commerce risk, small businesses in particular are at jeopardy because many are overly confident or under informed about how common fraud is.”

There are many ways that we can experience credit card fraud. And it goes far beyond a customer using a credit card that has been stolen. I was especially surprised (and dismayed) to learn that “in-house” fraud was one of the most common problems that small business owners face!

Read the full article in Specialty Foods Magazine, “Credit Card Fraud: What You Need to Know”. Learn the most common types of fraud and some ways that you can protect your customers and your business.

Entry Filed under: Business Tips