With Christmas just around the corner, the silly season has officially started, and you know what that means! It’s time to get yourself ready for your store’s busiest period.

But it’s not just about stocking up on Christmas products and New Year party supplies. While the Christmas rush brings excellent revenue for online store owners, it also brings an increased risk of fraud and data theft.

Be prepared for the holiday season with this helpful guide and sign up with Safe2Pay to ensure you have a stress free Christmas.

Know What You’re Looking For

Before we talk about how to protect your business, it’s useful to know what fraud is and how it happens.

There are two separate categories of fraud, these include;

  • Identity Theft: Identity theft occurs when scammers hack into your customer’s data and steal personal information such as credit card numbers, usernames and passwords.
  • Account Takeover: When a hacker gains access to your customer’s account it’s called account takeover.  They do this by sending your customer an email to trick them into revealing their username and passwords.

Although online transactions do increase the risk of fraud, there are lots of easy things you can do to ensure you don’t get hit with any excessive chargeback fees- the last thing you want this Christmas.

Make Sure Your Payment Gateway is PCI Compatible

PCI stands for Payment Card Industry Security Standards and refers to a set of global practices that are created to make sure you consumers data is secure.

Your payment gateway should be able to help you with following these standards and in some cases handle the whole process. Like Safe2Pay who is fully PCI compliant and can build PCI solutions into your business.

Keep A Close Eye On All Your Transactions

No one knows your business as well as you do. So you’re the best person to spot any unusual spending activity. Pay close attention during this time and monitor your accounts and transaction for any red flags.

If you’re not sure what to look out for, check out the Australian Federal Police Website for more information.

Use a Secure Payment Gateway Provider:

As well as being PCI compliant your payment gateway should provide point-to-point Encryption. Point-to-Point Encryption means that the cardholder’s data is encrypted before it even enters the smartphone or tablet and will stay this way through the entire payment journey.

Safe2Pay is a payment gateway that not only follows PCI- DSS procedures but goes one step further by offering point-to-point encryption with unique tokenisation. Every payment Safe2Pay initiates, will generate a one-time user token that masks customers real payment details and keeps their private information safe.

Sign Up With Safe2Pay.

Security is at the heart of Safe2Pay’s payment gateway.  Epitomised by their patent-protected tokenisation, which radically reduces instances of fraud. It only makes sense to join up with Safe2Pay before the Christmas rush.

QUICK TIP: Make sure your payment provider is a direct gateway option that processes payments onsite.  Like Safe2Pay who offers a more friendly payment checkout without your customer having to leave your site.

The holidays are a chance to make a good impression on your customers. When you provide a reliable and convenient service, you’ll not only make some extra money but also ensure they keep coming back over and over.

Contact Safe2Pay online now or call us on 1900 723 327, our friendly team will be able to make the Christmas period that much easier for you.

 

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