This is also why it is illegal to use a POS merchant account online, and why percentage rates are higher per transaction for online accounts. All of the banks are actually trying to get out of the internet merchant account business these days. The crooks have screwed it up for the rest of us.
I would say in addition to banning Indonesia, adding Russia to the ban list is a good idea. We've taken to blocking entire Russian netblocks at the router... jon Bryan Stevenson wrote: > It is incredibly easy to reverse a charge. If you call a cc company and tell them >that the charge > trying to be reveresed is something you say you didn't buy, they will reverse the >charge with almost > no questions (not speaking from experience...but from info from bankers). The deal >is that cc > companies don't care and don't want to deal with the huge battle that could come >from getting > entangled between the merchant and the customer. > > That's why cc transactions online can be frauded SO easily. > > HTH > >>How can you reverse a credit card transaction once it's been processed >>already? I've had credit card merchant account and have never seen this >>happen before. >> >>Thanks, >> >>Nathaniel >> >> >> >>>Indonesia is notorious for credit card fraud. I have some friends in the >>>musical instrument business and from bitter experience, they either have a >>>rule "Don't Do Business In Indonesia" or "Get The Greenbacks Before Dealing >>>With Indonesian Customers". >>> >>>What happens is an apparently legit credit card transaction comes through, >>>the money is deposited in the account, the instrument is put on an >>>aircraft, then the credit card transaction is reversed and the guy has lost >>>his expensive instrument (can be US$8000 or more) AND the money. >>> >>>I pass this on as a warning to everyone else. Make sure you have a >>>procedure to intercept any automatic orders, so you don't send anything off >>>to Indonesia without having the money in the bag and locked away where they >>>can't get it. >>> ______________________________________________________________________ Why Share? Dedicated Win 2000 Server � PIII 800 / 256 MB RAM / 40 GB HD / 20 GB MO/XFER Instant Activation � $99/Month � Free Setup http://www.pennyhost.com/redirect.cfm?adcode=coldfusionc FAQ: http://www.thenetprofits.co.uk/coldfusion/faq Archives: http://www.mail-archive.com/[email protected]/ Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
