You can greatly reduce the number of fraudulent orders you receive if you are using a secure payment gateway that uses Address Verification System (AVS) and checks the Card Verification Value (CVV) data.ĪVS compares the numeric parts of a billing address stored on a credit card to the address supplied by the customer at checkout. Read on to learn what you can do to prevent payment fraud. This chargeback pulls the purchasing funds from the merchant and returns them to the customer.įortunately there are steps you can take to reduce the number of fraudulent orders. If the bank considers the customer’s claim as valid, it can issue a chargeback. Fraudulent transactions can cause you to lose money.Ī customer can contact their bank and claim that they shouldn't have been charged for a particular transaction. Payment fraud is a false or illegal transaction, that was not authorized by a customer.
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