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Why are fraud protection services so critical?
Internet credit card transactions are a great deal like mail order transactions. There is an inherent risk involved because the merchant cannot take a physical card swipe nor secure a valid signature. For example, one form of credit card fraud involves protesting online charges. Unfortunately for merchants, such disputes are almost uniformly settled in favor of the card holder. In those cases, the merchant is not only liable for the actual amount of the chargeback, but banks routinely add on a $15.00 to $30.00 fee. And should there be a large number of charge backs, the bank may cancel the entire merchant account and prohibit the merchant from taking any more online credit card transactions.
In response, GTBill uses cutting edge fraud scrubbers. Each transaction is run through filters which search for "red flags" and any occurrence will cause the transaction to be declined.
You may view reports which give details on these cancelled transactions, and the reason for the decline, at any time.
