Charge.com - Acknowledge Credit Card "we Acknowledge Credit Cards"

"We accept credit cards" is really a declaration that you must have come across several

instances at various shops, grocery stores and other merchant outlets. This statement is usually accompanied by a few stickers (Visa/Master card etc). Credit cards have transformed the companies and our lives to a tremendous extent. A couple of years ago there were just a small number of stores that would accept credit cards but today you'll discover that most of the shops acknowledge credit cards. In fact, some stores (like those belonging to a big retail chain) not only acknowledge credit cards but also supply credit cards. These credit cards entitle you for discounts when you use them at any from the shops of that retail chain.

With credit cards all over, a lot of individuals have stopped keeping any money with them or just bring a very little amount of cash with them. That signifies that any kind of shop that doesn't accept credit cards is perhaps losing clients. In fact, this is 1 cause why nearly each and every merchant accepts credit cards.

With the evolution of internet, credit card business too procured a new turn and up emerged ecommerce and e-shops. So, those stickers of "We accept credit cards", moved on to the doors of internet stores. Thus came the era where almost each and every online-shop would accept credit cards (directly or indirectly). Actually, this was the premise on which the complete online-business industry was based. This really is convenience at its greatest.

Fraud is associated with almost each and every financial instrument. So there came fraudsters too, who too said that "We accept credit cards". These fraudsters use a great deal of methods to commit credit card related fraud. Some of them disguise themselves as online merchants who acknowledge credit cards as mode of payment (the actual motive being extraction of essential charge card details). Others are people who work at merchant shops that accept credit cards. These fraudsters either clone the credit cards or just note essential information from them (and use that for online-shopping). Some other fraudsters lure innocent individuals into revealing credit card details in chat rooms. And then you will find tech-savvy fraudsters who use computer programs/softwares/devices (known as spyware) to spy on the people who use their credit cards for on the internet payments. The spyware capture their credit card info and get it transmitted to the spy utilizing internet.

So a great deal of merchants and service providers do acknowledge credit cards but keep in mind that the fraudsters too welcome/accept credit cards. This really is something you surely need to be careful about.

Know more about Merchant Warehouse Scam

by: James Lockwood

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