Worried about Credit Card FRAUD for your Business? Watch this video! | The Journey - Best Webhosting

ULTRAFAST, CHEAP, SCALABLE AND RELIABLE! WE STRONGLY RECOMMEND ACCU WEB HOSTING COMPANY

Watch WebHosting GoDaddy Video: Worried about Credit Card FRAUD for your Business? Watch this video! | The Journey.
Credit card companies are doing everything they can to protect consumers from credit card fraud, theft, shady merchants and rip-off artists. But what they’re doing to protect businesses from credit card fraud, theft, shady customers and rip-off artists? Check out more The Journey content at https://bit.ly/GDTheJourney.

✅ Read about it on our blog ➜ https://bit.ly/3aJQmwlGoDaddy

0:08 How to protect your business website from credit card fraud
0:33 Use an EMV chip card reader
1:08 Use strong customer authentication
2:08 Use CVV2 or dCVV2 codes online
3:22 Have cybersecurity insurance
3:52 Watch out for chargeback fraud
4:53 Require returns on damaged items
5:33 Set spending limits for new customers
5:49 Look for patterns of returns

You as a merchant want to make sure you’re taking the appropriate steps to protect your business from credit card fraud in order to preserve your bottom line.

Use an EMV chip card reader
EMV card readers read the chips inside the cards, and you either insert the card into the reader. The problem is that while EMV cards are harder to use in person, they’re not completely secure because the thief could either forge a signature or sign the back of a blank card, thus making it “their” signature.

Use Strong Customer Authentication
The EMV readers even follow the basic principles of Strong Customer Authentication. In SCA, merchants are required to use two of three components to verify a credit card purchase. The customer has to show something they have, something they know, and something they “are.”

It’s one of the most popular transaction types, which means it’s the most vulnerable to credit card fraud. But there are a few things you can do to protect your business during CNP transactions.

Use CVV2 codes
The code is an added security step that prevents merchants from accepting credit card numbers stolen in data breaches and hacks. Since most merchants don’t store these static CVV2 numbers on their servers, or they keep them in a separate database, the crooks are stymied on websites that require a CVV2 code.

Have cybersecurity insurance
Your regular business insurance will not protect you if there is a breach of your servers and your customers’ personally identifiable information is stolen.

Watch out for chargeback fraud
As a merchant, when you’re hit with a chargeback you’re hit with additional fees on top of the refund. People commit return fraud and chargeback fraud on an alarming basis. It’s one of the biggest types of credit card fraud that your business faces.

Require returns on damaged items
You can put a stop to damaged item fraud by sending your customer a prepaid return label and asking them to return the damaged item before you ship out a replacement. If the customer doesn’t send back the item, you don’t have to send out the replacement, and you just stopped some fraud!

You’re going to have to accept credit cards as a part of doing business, but that doesn’t mean you have to accept fraud as the cost of doing business. Identity theft, credit card fraud, and chargeback fraud can all be reduced if you take the right steps, work with the right payment service provider.

The Journey is what everyday entrepreneurs, like you, need to follow in the pursuit of online success. Our experienced GoDaddy Guides are here to take you through all the steps, both big and small, that you encounter every day.

Want to learn about more ways to grow your business? Subscribe to GoDaddy on YouTube: http://bit.ly/GoDaddy-Subscribe

GoDaddy links:
https://www.godaddy.com
https://www.youtube.com/godaddy
https://www.instagram.com/godaddy
https://www.facebook.com/godaddy
https://www.twitter.com/godaddy

#TheJourney #Business #GoDaddy #Entrepreneur #HowtoStartaBusiness

Published: Thursday, July 14, 2022 9:31 PM
Category: WebHosting GoDaddy

17 Views

Related Videos

How to Use the Google Keyword Planner in 2020: NO Credit Card Needed!

by Best Webhosting Added 3 years ago 65 Views / 0 Likes

Grab some of my blogging secrets for free! https://myweirdprocess.allisonlindstrom.com/optin Can you use the Google Keyword Planner for free? YES! How do I access the Google Keyword Planner without a credit card? Let me show you! Google’s keyword tool can be hard to access sometimes so I created a May 2020 tutorial to show you how to do it without creating ads or inserting your credit card. Here’s how it works! Using the Google Keyword Planner in 2020
How to Easily Accept Credit Card Payments on Your WordPress Site

by Best Webhosting Added 1 year ago 18 Views / 0 Likes

Do you want to learn how to accept credit card payments on your WordPress site? By default, WordPress does not come with a credit card payment option but, there are plenty of plugins and tools to solve this issue. Come join us as Christina shows one of the ways to easily accept credit card payments on your WordPress site! For this tutorial, we will be using WPForms and we have a discount for our wonderful viewers. For our discount visit: https://WPFor
How to Easily Accept Credit Card Payments on Your WordPress Site

by Best Webhosting Added 3 years ago 61 Views / 0 Likes

Do you want to add the option to accept credit card payments on your WordPress site? By default WordPress does not have a method for accepting payments on your site and most solutions are for ecommerce stores or similar. This makes it difficult for smaller sites to collect smaller payments for one time or limited option purchases. In this video, we'll show you how to accept credit card payments on your WordPress site. This video brought to you by WPFo
10 Websites To Make Money Online For FREE In 2020 (No Credit Card Required!)

by Best Webhosting Added 3 years ago 35 Views / 0 Likes

• My #1 Recommendation To Make a Full-Time Income Online. CLICK HERE • • http://GetCommissionsDaily.com • What's up my #FutureMillionaires! Welcome back to another video where I teach you how to make money online! In this one I'm showing you the 10 best websites right now that will literally pay you just to test out other websites! I would highly recommend you get on as many of these 10 sites as you can, because the more you're on, the more PayPal mon
Reasons Why Your Business Should Use Video Marketing | The Journey

by Best Webhosting Added 1 year ago 25 Views / 0 Likes

With a hyper-engaged community of shoppers, trendsetters and word-of-mouth advocates, video marketing is the perfect way to reach new customers and grow your business online. Check out more The Journey content at https://bit.ly/GDTheJourney. ✅ Read about it on our blog ➜ https://bit.ly/3KcfYlJGoDaddy ⏰TIMESTAMPS⏰ 00:00 – Introduction 00:31 – Demand is increasing 01:32 – Increased site traffic and brand awareness 02:10 – Video helps sell 03:13 – Search
The Ultimate Guide to Business Credit Cards | Business Insights

by Best Webhosting Added 1 year ago 23 Views / 0 Likes

Gerri Detweiler guides us on how to find (and qualify for) the best business credit cards to benefit your small business in the long run. Watch more Business Insights videos: https://bit.ly/GDbusinessinsights Subscribe to GoDaddy on YouTube: http://bit.ly/GoDaddy-Subscribe 0:00 Who is Gerri Detweiler? 0:30 What are business credit cards? 0:50 Do business credit cards impact your personal credit score? 1:00 Short-term business financing 1:12 Credit car
3 Key Benefits to Business Credit Cards | Business Insights

by Best Webhosting Added 1 year ago 25 Views / 0 Likes

Don’t miss these top tips about business credit cards and watch the full episode for more expert advice from Gerri Detweiler: https://www.youtube.com/watch?v=amTKivlv7R0 Subscribe to GoDaddy on YouTube: http://bit.ly/GoDaddy-Subscribe As a small business credit expert, Gerri Detweiler shares the key benefits for entrepreneurs to use business credit cards. From getting lucrative rewards to protecting personal finances, using business credit cards can b
CSS Business Card UI Design with 3D Card Flip Hover Effects

by Best Webhosting Added 4 years ago 92 Views / 0 Likes

Please LIKE our Facebook page for daily updates... https://www.facebook.com/Online-Tutorial-Html-Css-JQuery-Photoshop-1807958766120070/ Track: Skylike - Dawn Link: https://youtu.be/Jg9nDEtqWV0
How to Build Business Credit — FAST!

by Best Webhosting Added 1 year ago 21 Views / 0 Likes

Gerri Detweiler shares three simple steps to building your small business credit quickly. Watch more Business Insights videos: https://bit.ly/GDbusinessinsights Subscribe to GoDaddy on YouTube: http://bit.ly/GoDaddy-Subscribe 0:00 Who is Gerri Detweiler? 0:21 What is business credit? 0:47 Why is business credit important? 1:00 Creating a professional business persona 2:16 Getting vendor accounts to help business credit reports 2:56 Getting a business
Does Business Credit Really Matter? | News & Trends

by Best Webhosting Added 1 year ago 26 Views / 0 Likes

Don’t miss these common misconceptions about business credit from a Nav credit expert and why a credit score is much more than a number. Subscribe to GoDaddy on YouTube: http://bit.ly/GoDaddy-Subscribe 0:00 Who is Gerri Detweiler? 0:18 Does business credit matter? 0:31 Do lenders, vendors or suppliers check your business credit scores? 0:47 Do insurance companies check business credit? 0:51 How can your credit impact getting a business contract with a
What Is the Difference Between Business vs Personal Credit Cards

by Best Webhosting Added 3 years ago 28 Views / 0 Likes

✅Read about it here on our blog ➜ https://bit.ly/33VhEN6GoDaddy Starting a business can feel overwhelming — there’s a brand to develop and seemingly endless tasks to juggle. As you get your company off the ground, you might find yourself in need of extra capital to make ends meet and a business credit card could help you bridge that startup gap. That being said, it’s understandable if you have questions. Many of us do, including: Can you use your pers
3 Big Misconceptions about Business Credit & Financing | News & Trends

by Best Webhosting Added 1 year ago 24 Views / 0 Likes

Don’t miss these common misconceptions about business credit and how it can impact your financial growth as a small business owner. Subscribe to GoDaddy on YouTube: http://bit.ly/GoDaddy-Subscribe 0:00 Who is Rohit Arora? 0:21 Difference between personal credit and business credit 0:40 Negative impact on business credit due to AP/AR 1:12 Getting business loans with low credit scores 1:40 Does a large bank account mean a good credit score? 2:00 Will bo