The biggest problem with accepting payment online is credit card fraud. Every company that relies on ecommerce merchant services processing knows this. Before my days in credit card processing, I ran an online Internet marketing company which was a pay for service solution. At this point in time about 10% of our attempted orders were fraudulent. This was a major problem for our business as it cost us lost profits and we almost lost our merchant account because of our high charge back rates due to fraud.
We solved this solution by upgrading our ecommerce merchant account gateway to PlugnPay’s FraudTrak2. Overnight, our credit card fraud stopped. This tool set is the best tool set to stop credit card fraud on your eCommerce website. I highly, highly recommend it.
