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Nigerian Scammers - How Any Business Owner Can Protect Themselves by David Lloyd
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Nigerian Scammers - How Any Business Owner Can Protect Themselves |
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Business,Advice,Business News
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Every business that accepts credit cards faces the hassle of dealing with credit card scams. These days credit card scams are everywhere but the most common scams come from the country of Nigeria. How Do Nigerian Credit Card Scams Work? Nigerian scammers will contact a business owner in most cases via email and order or fax and they will place a small order for that businesses products using a bogus credit card. In many cases the small order will go through without any problems. After a few days or weeks, the Nigerian scammer will place another order, this time it will be a bigger order and the merchant won’t think anything is abnormal because, that customer has ordered before. The only hitch this time is that a few days after the big order has gone through, the real owner of the credit card will dispute the charges and the merchant will have lost money because, the credit card was used illegally. How Merchants Can Protect Themselves Step 1: Look for bad grammar and spelling – Nigerian scammers almost always use poor grammar and broken English. For example: they will often start out their emails with the salutations “My Dear” or “Dear” instead of using traditional English in their correspondence. Step 2 – No idea what they are ordering – Most Nigerian scammers will have no idea what they are ordering, they only know that you have something that they can resell on the streets. For example: a typical Nigerian scammer might email you requesting a specific quantity of parts but if you were to press that person farther, it will become clear that they have no idea what they are talking about. Step 3 – Watch out for similar credit card numbers – Nigerian scammers have been known to multiple credit card numbers to split up large orders. These credit card numbers will look similar but only have a different of four numbers for each car. Go With Your Gut If you have a pending order from a company that you think might be a Nigerian scammer but you’re not sure, the best thing to do is go with your gut and don’t process the order. In today’s world scammers are preying on desperate people and this is one of the easiest ways to lose money. In today's economy small retail business owners must accept credit cards to remain competitive. Still is is important to implement the necessary procedures to protect your small businesses from falling prey to a credit card scam.
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scam, protect, business, Nigerian, scammers, credit card,
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