Re: First Payment an Transfer on Stripe
These companies all tell potential sellers that they screen for fraud. And PayPal probably has the best system, but no system is perfect. When you have an actual merchant account, you can usually sign up for a fraud screening service. But when you sign up with PayPal or Stripe, they tell you that they have the fraud detection systems in place. You never have enough information on the customer to make an informed decision. On PayPal, at least, you can somewhat protect yourself by only shipping merchandise to an address confirmed by PayPal. Usually that significantly reduces fraud claims. But merchants greedy for the sales, or unaware of the perils of selling online can be walking into a nightmare when it comes to chargebacks. Whatever service you sign up for, be sure to read EVERYTHING, especially the language that tells you how they handle fraud claims. And never use any setting to enable you to bypass the fraud checks - like shipping to an address other than that associated with the credit card. Fraudsters will swear they are sending the items as a gift and you get the money and think everything is all right until the REAL cardholders start getting their credit card bills and disputing the charges. And the hottest, most popular merchandise ALWAYS attracts the credit card criminals.
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