Ecommerce Fraud, Selling Over Seas
Selling stuff online? Beware orders from Yugoslavia, Nigeria, Romania, Pakistan and Indonesia. A study released Thursday claims that more than 40 percent of all credit card fraud suffered by U.S. companies online is committed by overseas crooks, with orders from those five countries the most likely to be cons.
Order Checking Tips.
- Watch for orders with billing address in the US with a shipping address overseas, typically this is a stolen credit card.
- Watch for large orders with high quantities of the same product.
- Watch for customers that phone in and want to place a large order the spread the cost out over multiple credit card numbers.
- Many scammers will place a very small order fist to see if the company will ship the order followed by a large order once they are in your customer list.