How to Reduce Credit Card Refunds from Digital Thieves

Can you encounter the number of times where a
Credit Card Sale was generated, only to receive
a "Refund Notification" from your contracted
e-commerce processor on behalf the "customer"?

Welcome to the electronic world of "cyber-shoplifting".

Unscrupulous surfers, disguised as potential
"customers", systematically opt to ordering goods
(using credit cards) in electronic form of delivery,
only to request a refund minutes or days later after
receiving the product.

The "cyber thieves" consent the well-known
"loophole" of specific e-commerce processors
who deploy a "no questions asked" refund policy.

Some... might concur to the predicament that a
"liberal refund policy" boosts sales, but it is
statistically verified that these claims are
unthinkingly based gross sales figures,
where refunds are *not* accumulated to
extract the "net profit" (minus refunds).

In numerous cases, the cyber thieves
(or else called freebie hunters) automate
their thievery, by using pre-made templates
to ask for a refund, in order to save time
and reap as many digital products as possible,
for gratis.

A portion of cyber thieves, download a
digital product, whether ebook or software,
only to illegally sell it online at eBay or
sell it in "warez sites".

Optimistically, these unprincipled pinches are
either prosecuted to the fullest extend of the
law, for infringement of copyrights, or face
imprisonment along with heavy fines.

So if you want to avoid getting targeted
by cyber thieves (and losing thousands),
the wisest approach is to conduct business
with an e-commerce processor who will protect
you against dodgy "freebie hunters"
(see http://traffic-engine.net/stormpay
for a genuine payment processor).

After all, it is *your duty* to forming your
own "refunds policy", not your processor's.

George Papazoglou is the author behind http://cyber-software.com
This article may be freely distributed / republished, as long as it contains the author's credits and the precise entirety of the provided article, titled: "How to Eliminate Credit Card Refunds from 'Digital Thieves'".

AppleChineseOnline Publishes Practical Daily Dialogue (Sound ...
PR.com (press release), NY - 2 hours ago
To master spoken Chinese by self-study effectively with an easy-to-understand intensive course Mandarin e-book and free online audio program. ...
AppleChineseOnline Publishes Fun Learning Chinese Characters e-book PR.com (press release)
all 2 news articles

Off the Shelf: Nick Hornby hates e-books, sculptures made of books ...
National Post, Canada - 13 hours ago
The great e-book debate continues. Nick Hornby (High Fidelity, About a Boy) thinks the gadget won't catch on. Reason no. 3 is downright sad. ...

The Money Times
Is a Kindle to books as an iPod is to tunes?
San Francisco Chronicle,  USA - Jul 4, 2008
The 10-ounce Kindle, which holds 200 e-books and can also tirelessly download daily editions of 19 newspapers and 346 blogs, is fielding pretty heady praise ...
Kindle shows e-book future The Bookseller (subscription)
Digital Readers: Law Books of the Future? Law.com (subscription)
The Amazon Kindle has not been a big seller to date, Examiner.com
eFluxMedia - United Press Internationalall 21 news articles

TechRadar.com
Hornby bemused by eBooks
TechRadar.com, UK - Jul 7, 2008
Author Nick Hornby has expressed his doubts over eBooks – although it is people's attitude to reading a whole that appears to be supporting his argument. ...

You are not reading enough Has the Internet killed the joys of ...
San Francisco Chronicle,  USA - 2 hours ago
See, I love books. Admire and appreciate and adore. Was a lit major at Berkeley, read voraciously, still love to read, still like to consider myself a big ...

Designs on digital
Calgary Herald,  Canada - Jul 6, 2008
On the other hand, Amazon won't disclose how many people have bought a Kindle, reduced to $359 US last week from $399, or how many e-books have sold for the ...

How the Google generation thinks
Times Online, UK - 12 hours ago
When they examined the behaviour of those logging on to the websites of journals, e-books and other sources of written information, they found widespread ...

Nick Hornby on why eBook readers are not the new iPods
Shiny Shiny, UK - Jul 4, 2008
Ask the average geek what he or she thinks of eBook readers and most of them will reply with a snort of derision and a roll of the eyes. ...
COMMENT: Are e-books finally challenging the paperback? Pocket-lint.co.uk
all 2 news articles

Seattle Post Intelligencer
E-books: Saviors for the heavy bookbag set
Seattle Post Intelligencer - Jun 27, 2008
But the new study doesn't address in depth a segment of the population that could embrace e-books sooner: the academic crowd. A portable book reader means ...
Price will have to fall for Kindle's fortunes to rise Seattle Post Intelligencer
all 7 news articles

Turning the page on books
Globe and Mail, Canada - 11 hours ago
What will change the way we read books? While the evolution of the e-book has intrigued book lovers and techies, it could be a very different bright idea ...

Wind Chimes and more...

Windchimes for great gifts!

3 Steps To Turning OK eBook Sales Into Unbelieveable Results!