How to Eliminate Credit Card Refunds from กDigital

How to Eliminate Credit Card Refunds from กDigital Thievesก

by: George Papazoglou

Can you encounter the number of times where a Credit Card Sale was generated, only to receive a ‘refund Notificationก from your contracted ecommerce processor on behalf the กcustomerก?

Welcome to the electronic world of กcybershopliftingก.

Unscrupulous surfers, disguised as potential กcustomersก, systematically opt to ordering goods (using credit cards) in electronic form of delivery, only to request a refund minutes or days later after receiving the product.

The กcyber thievesก consent the wellknown กloopholeก of specific ecommerce processors who deploy a กno questions askedก refund policy.

Some… might concur to the predicament that a กliberal refund policyก boosts sales, but it is statistically verified that these claims are unthinkingly based gross sales figures, where refunds are *not* accumulated to extract the กnet profitก (minus refunds).

In numerous cases, the cyber thieves (or else called freebie hunters) automate their thievery, by using premade templates to ask for a refund, in order to save time and reap as many digital products as possible, for gratis.

A portion of cyber thieves, download a digital product, whether ebook or software, only to illegally sell it online at eBay or sell it in กwarez sitesก.

Optimistically, these unprincipled pinches are either prosecuted to the fullest extend of the law, for infringement of copyrights, or face imprisonment along with heavy fines.

So if you want to avoid getting targeted by cyber thieves (and losing thousands), the wisest approach is to conduct business with an ecommerce processor who will protect you against dodgy กfreebie huntersก (see http://trafficengine.net/stormpay for a genuine payment processor).

After all, it is *your duty* to forming your own ‘refunds policyก, not your processorกs.

About The Author

George Papazoglou is the author behind http://cybersoftware.com

This article may be freely distributed / republished, as long as it contains the authorกs credits and the precise entirety of the provided article, titled: กHow to Eliminate Credit Card Refunds from กDigital Thievesกก.

This article was posted on September 01, 2004

by George Papazoglou