How Safe is Running an Online Business? All You Need to Know About Fraud and How to Avoid it!

Moto transactions

When expanding any business into the world of the internet, most people simply assume that because there are no physical items to be stolen or damaged, that it’s safer than a physical building. While sustaining physical damage to your products isn’t a problem when running a business online, it becomes dangerous for other reasons, mainly credit card fraud.

When you purchase something at a store and physically slide a credit card or pay with cash, that’s known as a secure payment. It’s secure because your payment, as well as the goods you’re purchasing, are both physically available. In addition, you can see right away whether or not the sale has gone through, and it’s difficult for anyone to steal information from a card that’s in your hand. But with card not present (CNP) transactions online, steal Continue reading