How to Prevent Fraud on Your Ecommerce Store
Protecting your online business is a top priority for all business owners. To achieve a high level of protection, it is our responsibility as business owners to understand what is involved in safeguarding our business, the necessary resources, and the technology providers. These include the web hosting company, the location of the web server, and the web development provider. Opting for a local web developer is always the best choice, especially if your business operates within the United States. Using untrusted sources outside the US can lead to complexity in development and potential liability for your business. Therefore, selecting the right web development company or professional for your online store is a crucial key to success. It’s advisable to choose a provider within the US or your local city.
Finding the right company to provide services for your online store is also a significant decision. Many companies offer payment processing services for websites, but not all of them specialize in online transactions. When looking for an ecommerce website, it’s best to focus on companies that specialize in this area. Among the top companies after thorough analysis are:
– Stripe
– PayPal
– Authorize.net
While there may be other excellent service providers, we have chosen these top three based on their expertise, years of experience, and flexibility. We are not affiliates of these companies; we present them purely based on their merit.
Managing your merchant account is crucial, and it all starts with understanding the terms of service, also known as terms and conditions agreements. Before selecting a company, you must have a clear understanding of their terms, fees, and how their services work.
Some companies offer free monthly services, such as PayPal and Stripe, while others like PayPal and Authorize.net have fee-based services. It’s essential not only to comprehend the terms and conditions but also to understand how to properly manage your online merchant account, including handling fraudulent transactions and approaching disputes.
For these reasons, we provide you with the following resources that describe how to prevent fraud, fight disputes, and handle refunds when using Stripe and PayPal.
PayPal Fraud and Risk Management
https://www.paypal.com/us/brc/operations/fraud-management
Stripe Risk management
https://stripe.com/resources/more/risk-management
We understand that you might be frustrated with the amount of tasks involved in running a business, especially when it comes to understanding management processes. However, comprehending and implementing early configurations for your online business is a critical step that requires the comprehensive support of an experienced web developer.
It’s crucial to recognize the value of establishing a strong partnership with a reliable business or local professional who comprehends the initial steps necessary to set up an online store. This partnership significantly reduces the risk of fraud.
As a business owner, we recommend that you take the time to familiarize yourself, either briefly or in-depth, with the intricacies of configuring your business’s merchant account. This process is not a single step, and finding the right partner is essential for the seamless day-to-day operation of your online business. While it may not guarantee absolute security, having professional support in place can instill confidence that your operations are being conducted at a high level of protection.
If you don’t have the Web Developer professional or agency 911MYWEB.com is a professional local business with over 15 years of experience located in Miami Florida. They possess the expertise to meticulously configure your online store, thereby minimizing the chances of unwanted risks or actions in your e-commerce venture.
