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'".

In The News:


Amazon's war on e-books, LG's G Watch R and other stories you might've missed
Engadget
This week, we reviewed the HTC One for Windows, investigated Amazon's controversial e-book-pricing model, played around with Hyperlapse, learned about LG's G Watch R and more! Read on for Engadget's news highlights from the last seven days.


Should eBooks Only Cost a Penny?
Good E-Reader (blog)
“Amazon wants to sell e-books at less, so they should. They should cost less because they don't have to be put together, stitched, printed, designed, blah, blah, blah. If you skip all that and all you have got is a ribbon of text on a Kindle then it ...


Telegraph.co.uk

Kobo: technology takes a back seat in the e-book game
Telegraph.co.uk
For years, people have been forecasting the death of the e-reader. Ever since more flashy, multi-function tablets became mainstream – prompted by the launch of Apple's iPad in 2010 – black-and-white e-readers with their matt e-ink screens have come to ...
Kobo's Aura H2O e-Reader Finally Brings eBooks to the BathtubYahoo Tech
Read your eBooks in the bath with the Kobo Aura H20Expert Reviews
Want to read ebooks in the shower? Try the Kobo Aura H2O ereaderDigital Trends
Stuff.tv -The Guardian -The Drum
all 100 news articles »

At Your Library: Fall in love with convenience of e-books
Fayetteville Observer
I can log in, grab a whole stack of books and be reading again in minutes. I can prop an entire library of books on my chest while I read with no risk of suffocation. And, if I've accidentally left home without my tablet, I can pull my book up on my ...


Avail Free Online EBooks with EBooksPDF.net
MENAFN.COM
September 01 2014 — Downloading the ebooks would not be a problem anymore thanks to the launch of EBooksPDF.net. This website is set to provide eBooks for download free of cost to its visitors. More and more ebooks are being added to the website ...

and more »

Rome library offers more than ebooks online – now they have magazines too
Calhoun Times
Ebooks and audio books are a touch away on your phone, tablet or laptop computer. That's nothing new to patrons of the Sara Hightower Regional Library System, who already can access books online. What's new is the addition of magazines and a whole ...


USA TODAY

Ebooks Will Make Us Dumber, Or They Won't
Forbes
UPDATE: The headline of this story has been altered slightly. It was “Will Ebooks Make Us Dumber?” A new study out of Europe suggests that readers of print books are at a big advantage to readers of ebooks when it comes to reading comprehension.
Why you might want to ditch your e-reader and go back to printed booksWashington Post
Book Buzz: Study finds people absorb less on e-readersUSA TODAY
Kindles inferior to paperbacks for memorable storiesTelegraph.co.uk
The Guardian -The Wire -HEXUS
all 22 news articles »

Reuters Blogs

What Amazon's e-book numbers are and aren't telling you
Los Angeles Times
That's a lot less than a hardcover copy of the book ($25.50), but it's still more than Amazon thinks a reader should be paying for an e-book; Amazon says the price tag should be $9.99. "A key objective is lower e-book prices," Amazon wrote in a blog ...
War of words as Amazon defends its pricing of e-booksMail & Guardian Online
Amazon demands cheaper booksFort Wayne Journal Gazette
Who's Right in the Amazon-Hachette Battle?Motley Fool
Wall Street Journal
all 18 news articles »

Chron.com (blog)

E-books: Amazon, Hachette and the bruise that just won't heal
Chron.com (blog)
One of the sorest spots in today's publishing business is the price of e-books. And the current dispute between Amazon and Hachette is just one act in a tense, protracted drama. Amazon, the biggest book retailer in the country, wants to keep e-book ...
Authors Weigh In On Print Versus E-BooksHuffington Post

all 12 news articles »

Ars Technica

Hachette CEO Michael Pietsch responds on e-book pricing
Los Angeles Times
The dispute between Amazon and Hachette over e-book pricing heated up this weekend with a volley of open letters making various cases to the public. The latest is a response to consumers from Hachette CEO Michael Pietsch about how and why the ...
Amazon jabs Hachette in e-books dispute: 'We will never give up'CNET
Amazon to publishers: You think too small about cheap e-booksArs Technica
Amazon, Hachette E-Book Pricing Battle ContinuesWall Street Journal
Entertainment Weekly (blog) -New York Times (blog)
all 585 news articles »
Google News

Self Publishing Era: Digital Publishing Tears Down Walls

Since the birth of publishing, authors have been forced to... Read More

An eBook Publishers Dilemma: Should I Use PDF or Exe Format?

If you write and publish eBooks, sooner or later youwill... Read More

30 Truisms About eBook Authoring

The decision to author an eBook is a life-changing decision.... Read More

Goals and Objectives in Authoring an eBook

Goals begin behaviour, consequences maintain behaviour!IntroductionIt is ESSENTIAL to set... Read More

Profiting From Writting Your Own Ebook

As you might have heard, the Internet is all about... Read More

Write Your eBook - 6 Great Ways to Find the Time

Busy! Busy! Busy!What's new? And who isn't busy?The majority of... Read More

Simple Way To Become An Information Entrepreneur

Do you think there is a difference between someone who... Read More

Internet Marketing - How to Write Your Own E-book

I tell you now the first e-book I ever wrote... Read More

7 Secrets to Explode your eBook Sales! Part 4

Secret #4: Creating passionate articles will explode your eBook sales!Copyright... Read More

How to Protect Your Ebooks and Software from Being Stolen!

There are many systems that can lock your software or... Read More

How to Use eBook for Marketing and Promotion

There are innumerable ways to use ebooks to promote your... Read More

Benefits of Ebooks for Your Business

No matter what type of home-based business you operate, chances... Read More

How to Price Your eBook

You've written and compiled an ebook. Now you have to... Read More

Your First Step to a Digital Publishing Empire

The hardest part of writing is the first sentence. When... Read More

Ebooks - How To Bring Them Into The Market

So, you have decided to start an ebook business. The... Read More

My Rich Mums Ebook Secrets

As usual, I walked into the Starbucks for my morning... Read More

Book Publishing for Entrepreneurs

There was a time when it was relatively easy to... Read More

Are Ebooks Overpriced?

Who ever thought that one day books would not be... Read More

Information at What Price? Exploring Fee-based e-Content

In pursuit of a paid model for content, many businesses... Read More

This Simple Publishing Mistake Could Be Losing You Half Your Back End Sales!

Many of the Internets biggest ebook sellers are making this... Read More

5 Guaranteed Ways To Snowball Your Resale Right Profits

Resale Right Products are a huge market. Unfortunately, may people... Read More

How To Protect Your eBooks From Piracy And Copyright Infringement!

eBooks, or electronic books, mean big business for all aspiring... Read More

Shorten Your Journey to Book Success with Teleclasses - Part 1

Are you an author who wants your book to be... Read More

How Using A Drop Capital Increased My Ebook Sales By 40%

You will often find me with my head in a... Read More

How to Build and Sell your eBook at the Same Time

Why write an eBook? You want ongoing, lifelong multiple streams... Read More