One of the biggest concerns for any new business these days is that of preventing credit card fraud.
I most sincerely believe that within small businesses the relationship that grows with one's customers is a very big deterrent to credit card fraud - and the fraudsters are more likely to target large and impersonal organisations, but of course it does depend on how resalable your products are. In recent years there has been a great deal of fear surrounding the issue of credit card fraud, especially on the Internet. However, a few simple ideas can help with detection and prevention. There are two general aspects of credit card fraud prevention:
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Ensuring that your "customers" do not perform fraudulent credit card transactions with you over the Internet or by telephone -
see here.
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Ensuring that you gather, process and store your customers' credit card information in the proper way, so that
they do not run a risk of fraud arising as a result of your neglect
see here.