Credit Card Basics
It’s a big hassle, if you happen to lose your credit card. When you realize that you have lost your credit card or it has been stolen, you need to call the issuer(s). By law, once you report the loss or theft, you have no further responsibility for unauthorized charges. Of course, you can never be 100 per cent sure in case of a credit card theft.
Even if your credit card number is stolen and used to make unauthorized purchases you are not responsible and most credit card companies insure payday advance companies’ purchases with fraud protection insurance, at no additional cost to you. It is a hassle if your card number is ever stolen but in reality you have more of a chance having your card number stolen at a real payday advance company outlet than on the Internet.
Below are several steps you can take to help ensure safe and secure payday advance shopping.
Always notify card companies in advance of a change in address. You need to bear in mind you don’t lend your card(s) to anyone. Also, don’t leave your cards or receipts lying around.
Other precautions to be taken are not signing a blank receipt, and when you sign a receipt, not drawing a line through any blank spaces above the total.
What you should do is to sign your cards as soon as they arrive. Always carry your cards separately from your wallet, in a zippered compartment, a business card holder, or another small pouch so that when your wallet is stolen, your card remains safe.
Do keep a record of your account numbers, their expiration dates, and the phone number and address of each company in a secure place. Also, keep an eye on your card during the transaction, and get it back as quickly as possible. The other safety measures are to avoid incorrect receipts; destroy carbons; save receipts to compare with billing statements; Open bills promptly and reconcile accounts monthly, just as you would your checking account.
To be insured against carrying card with you everywhere, online Merchant Account enables you to process online credit card transact ions. Online payments are convenient for your customers, and they help you get paid faster. If you have a business checking account, the service provider can fund your account in as little as one business day.
