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I’m looking for a guest blogger or wholesale industry veteran for a guest post. If you yourself or if you know anyone would be interested in doing this, please get at me as I would love to send the readers a different taste on the wholesale goods and wholesale services industry!

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One of the best ways you can do to expand your business is to go online. You will be exposed to a whole new bunch of online customers. But along with anything, there are some drawbacks, and the most evident one would be credit card fraud.

A great amount of payments you receive are likely to be made by credit card, and there isn’t really an easy way of verifying someone’s legitimacy. If you are payed with a stolen credit card, the victim will eventually find out about it, and you may end up losing the goods sold AND the money you were originally paid.

The first step would be to verify the billing address and mailing address before processing an order. This ensures the goods are being shipped to the right person. If they don’t match, you should look into the order and the size will help to point out if its fraud. Some online merchants won’t even ship if the billing and mailing addresses are the exact same.

If you receive large transactions which are costly you should contact the customer prior to finalizing the order. This will ensure that the transaction is legitimate and that neither you nor the customer will be affected by credit card fraud. Also, usually people don’t ship overnight unless it is urgent, so if you receive a big order, and it is being shipped overnight, that should be a big red flag.

Some countries are generally known for fraud, such as Nigeria, and should be avoided at all costs. By taking these precautions you will save yourself from being scammed by credit card fraud as well as the actual victim.

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Stay tuned as we begin writing full time about the wholesale industry, how to find suppliers, how to make money online and a vast amount of other wholesale related topics!

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