Internet Credit Card Merchant

  Internet Credit Card Merchant  - How to dispute a faulty credit card bill and claim a chargeback  - Jun 18, 2007  

Credit cards are increasingly being used for offline and online shopping. With this rapidly growing phenomenon there are reports of credit card misuse and shopping fraud which might require disputing a particular credit card bill.

A person can dispute his credit card bill in two ways. First, when he hasn't bought anything and the actual purchase or billing on the credit card was done by someone else fraudulently or it simply got there by mistake. In second case the credit card holder purchases something (usually online) and when he receives the product he finds it substandard, defective, or simply a wrong shipment. In both the cases credit card holders can get their amount back because they were duped in one way or another.

The process of disputing a fraudulent or unworthy credit card bill is pretty simple. A very basic thing such as keeping record of every transaction that you make until things get satisfactory or they show correctly on your billing statements, helps tremendously in this process.

In the first case where you find that someone has fraudulently billed your credit card, contact the credit card company as soon as you receive any such communication. Talk to the credit card company representative, keep a record of the communication. Tell them that you didn't purchase that thing, and it is a faulty statement. Most of the credit card companies will simply revert the process. Because the credit card fraud liability in US is $50, that's all you owe, and if you have a good relationship with the credit card company this fee is also waived.

In second case when you get a damaged, incorrect or substandard product. Contact the merchant and tell him about the problem, keep a record of every complaint and conversation. If possible interact with the merchant in writing. If the response is positive and the merchant agrees to replace back the product, things are settled. Otherwise contact the credit card company and tell them about your problem. Enclose the copies of complaint and details of defective product. Ask them for a chargeback. All the big credit card companies favour the customer whenever there is a complaint. So, in most of the cases you will get a chargeback.

Being cautious while using credit card and not allowing them to fall into wrong hands will help you avoid any credit card faulty billings. Reading your credit card monthly statements carefully, and checking them against actual purchases will help you find out the wrong statements and dispute them instantly.

  Internet Credit Card Merchant  - The Reality About Credit Card Fraud  - Feb 28, 2007  

A credit card is more of a necessity nowadays rather than being a luxury or a status symbol. As a matter of fact having a credit card can be extremely advantageous for many individuals. With it, they can easily make purchases even if they do not have enough cash with them or even with none at all – plus the convenience and of course establishing a good credit standing that comes with owning a credit card.

Using the bills and the slips they will have when using credit cards, a user will be able to trace all of the expenses they have made with the card, thus making their financial management easier to perform, other advantages are the rebates and other rewards that they may receive every time they use their credit cards to finance their expenses. And with so much advantages that could be availed through credit card payments, many individuals and families simply integrate a credit card account with their daily financial management activities.

The popularity of credit card ownership has been pushed further with the growth of the internet as a merchant, In fact, there are now hundreds to thousands of credit card offerings over the internet, most of which are sent in the form of an email message. Check your email inbox and you will find various credit card companies advertising their credit plans to potential clients, some of which are; zero-percent APR for one year, higher rebate percentage on every purchase, and more of the like.

But wait, have you noticed something? Why are most of these credit card advertisements ended up on the bulk section of your email inbox? You are most probably aware of the purpose of the bulk section, it is to store suspicious messages or commonly referred to as "spam" messages.

Does it mean that credit card advertisements in the form of an email message sent on the bulk section of your inbox are fraudulent?

Probably, yes. As a matter of fact, a number of studies have shown that almost 93 percent of credit card offerings that ended up in the bulk section of your email inbox are fraudulent. Most of these advertisements will try to lure individuals, special APR for new credit card applicants, attractive incentives, and high percentages of rebates.

They make use of their promises to scam money from their potential clients and just leave them hanging on to the promise, not knowing that it is absolutely nothing. Once they have gained the trust of their clients, they will just simply collect the fees, and vanish away.

That is credit card fraud—fronting attractive offers to steal money from other people.

You may not notice it, but more and more individuals are now becoming victims of this new type of fraud. According to a recently-concluded survey conducted by a well-known money transfer group on the internet, 1 out of 5 individuals becomes a victim of credit card fraud and the worst identity theft.

That is the reality of credit card fraud nowadays. If you easily fall for these attractive offers being introduced to you by these credit card crooks, there is a huge chance that you will be their next victim. It can be a very sad experience. The best thing to do is to learn how these fraudulent companies steal money from other people.

Here are a couple of tips:

1. It is important that you check the background of the credit card company you are dealing with. Establish their identity as well as their track record in providing credit cards especially for business use. If they resist on providing you the information that you want and instead insist that you sign-up with any of their offers, you may start avoiding them and look for more reputable credit card providers.

2. Pay close attention to the delivery of your credit card. In most credit card fraud cases, the bogus provider will insist on a much longer delivery period. You may consider this as a red flag and should be observed carefully.

You are given the early warning—and at this point, you should be paying close attention to credit card fraud that may be trying to lure you. Watch out—and be careful

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