Supply House Times
  Home
  Subscribe
  Blogs
  Subscription Customer Service
  Updates
  Today's Top News
  Calendar of Events
  PVF E-News Archives
  B&K Pro E-news Archives
  Latest News
  Milestones
  Events Photo Gallery
  Web Exclusives
  Current Issue
  Cover Story
  Features
  Columns
  Products
  Industry News
  ASA News
  Industrial PVF News
  Bath and Kitchen News
  Resources
  Career Center
  Premier 150
  Water Info Library
  AEC Store
  Archives
  Digital Edition Archive
  Free Product Info
  Ad Index
  B.I.G. Book
  Manufacturers' Rep Locator Directory
  Digital Radiant Flooring Guide
  Classified Ads
  Radiant Flooring Guide Directory
  Radiant Heating Report
  Industry Links
  Market Research
  Showrooms
  Webinars
  Video Archive
  Special Collections
  Economics Week in Review
  Supply HT Info
  Media Kit
  Contact Us
Search in: EditorialProductsCompanies
Wholesalers/Distributors Credit Card Scams On The Rise

February 19, 2009

ARTICLE TOOLS
EmailEmailPrintPrintReprintsReprintsshareShare



To all wholesalers and distributors, increase your awareness in fraudulent credit card order scams in light of a growing number of instances seen over the past few months. Manufacturers have encouraged distributors to take proactive steps to verify any credit cards as the payment method in order to minimize the cost and exposure to distributors. 

Be aware of these conditions when a customer looking for request for quote via e-mail or fax with SQE, SQ, and SQ Flex product. The most common requests come in asking for all of these product types on one request. Each case has been very similar as an order comes into a partner using a credit card for purchase. The initial run of the credit card comes back approved.

However, once the customer's credit card has been charged for the full amount (after shipment) the card is declined because it has been stolen. If someone you don't know is purchasing a large amount of product using a credit card make sure you validate the credit card by calling the credit card company and/or running the credit card for the full amount before the product ships.


|PrintEmail

Did you enjoy this article? Click here to subscribe to the magazine.


















BNP Media
© 2010 BNP Media. All rights reserved. | Privacy Policy