Fake orders have tormented online retailers since the first e-commerce site was made decades ago, resulting in many billions of greenbacks in losses for online merchants. The good news is that due to ever-evolving fraud risk tools available to merchants, online crime has reduced over the last one or two years. The better news is some merchants, for example OfficeSuppliesLane aren't resting on their laurels.
OfficeSuppliesLane an online retailer of office supplies, office furniture, and janitorial supplies, proactively pursues online criminals who make an attempt to use taken credit cards at their site. On fraudulent orders, OfficeSuppliesLane reports shipping- and IP addresses to banks and local police departments, as well re the legitimate card holders whenever it's possible. They have even bartered with private investigators to collect more info on credit card burglars who attempt to use another’s Visa card at OfficeSuppliesLane without permission from the card owner. “According to The Merchant Risk Council, web traders lose about 1.2 % of annual money to fraud, totaling nearly 3 bill dollars in 2010,” said Linda O’Neill, president of OfficeSuppliesLane. While fraud risk tools available to merchants have come a great distance with device fingerprinting, crime detection software, and other tools, cyber-thief methodologies are evolving too. “1 or 2 years ago, the red flags on con-men were blatant,” recounted O’Neill.
“High-dollar, high tech items were being ordered with expedited shipping. Today, burglars have smartened up a bit, selecting low fraud items and ground shipping to substantiate trust, or simply to ‘test ‘ the credit card, and then try to hit you with a giant order-hoping to sneak one past us. We stay a step ahead of them and haven’t paid any chargebacks in more than a year, regardless of receiving orders with thieved cards on a daily basis.” A chargeback is the method where a card holder disputes a charge and has their issuing bank pull the funds (charge back) from the merchant while the transaction is researched. As rampant as online crime still is today, O’Neill and her team have found banks and police departments across the nation more welcoming of her calls than during the past. “Many of our fellow internet merchants have been put out of business because of online scams,” announced O’Neill. “It just takes one order that's too good to be true to send you to bankruptcy court.
Required research is the name of the game, more so now in these tough industrial times.”. Based in Dallas TX, OfficeSuppliesLane is an internet only retailer of discount office products. They have been featured in Businessman Magazine, The Dallas Business Book, and several other publications.
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