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:


Sorry, Ebooks. These 9 Studies Show Why Print Is Better
Huffington Post
A study conducted by Student Monitor and featured in The Washington Post shows that 87 percent of textbook spending for the fall 2014 semester was on print books. Of course, this could be due to professors assigning less ebooks. Which is why it's ...


Top Ten Best-Selling Ebooks -- Week of February 28
Huffington Post
The top ten best-selling ebooks of the week ending February 28: 1. The Girl on the Train: A Novel by Paula Hawkins (Penguin Random House) -- $8.99. 2. Fifty Shades Freed (Fifty Shades of Grey Trilogy Book 3) by E L James (Penguin Random House) -- ...

and more »

DOJ Is Right About Apple e-Books
Wall Street Journal
The Journal mischaracterizes the trial court's ruling in the Justice Department's antitrust case against Apple and five e-book publishers (“All Along the Apple Watchtower,” Review & Outlook, Feb. 17). Specifically, you say that the court found that ...


E-Books Aren't Killing Print
Forbes
WHEN AMAZON launched the Kindle in 2007, book purists bemoaned the imminent demise of print. Yet far from heralding a publishing apocalypse, e-books have been adopted only gradually despite their affordability. Although half of U.S. adults own a tablet ...


Mic

There's Bad News for E-Readers — And Great News for People Who Still Love ...
Mic
It's the extension of a gradual pushback against e-readers: Whether it's bookworms at Mashable pointing out the future irrelevance of the platform or the Guardian declaring predictions of their death (a little) prematurely, e-books are no longer ...


Traditional books keeping up with e-readers
UpperMichigansSource.com
MARQUETTE -- Since the dawn of e-readers, like the Kindle and the Nook, traditional books have had to fight to keep up. The faithful book readers have had a big part in that. "Well I think if you'll look around you, you'll see just the beauty of the ...


Huffington Post

E-Books That Are Better Than Their Print Versions
Huffington Post
In this e-book, the dashing blond star of everyone's favorite rom-com movie ever, Cary Elwes, gives you the inside scoop on the making of the film. Plus, if you open it on a tablet you can watch the movie scenes he discusses as you read, toggling ...


College students prefer print over e-books
Walla Walla Union-Bulletin
That printing replaced handwritten manuscripts, computers replaced typewriters and digital screens were replacing books? Hadn't I read the statistics on how many eReaders and tablets were being sold? Didn't I see all those people reading eBooks on ...
College Students Prefer Paper to E-BooksU.S. News University

all 2 news articles »

Essay on problems that the economic model of e-books poses for college ...
Inside Higher Ed
Having e-books supersede and replace physical books is essential to the vision. Accordingly, libraries have made great advances in digitizing their paper book collections and making them available online through Google Books, HathiTrust and other ...

and more »

Speaking Volumes: Print vs. eBooks, Part II: Why I love eBooks
Bradenton Herald
In response to my colleague's article in defense of print books that appeared in this space last Sunday, I would like to offer my own opinion in favor of eBooks. Books, like all the tools we use, have been evolving for centuries. From ancient parchment ...

and more »
Google News

Write Your eBook Fast: First Steps to Finishing Line

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

10 Steps to Author 1 eBook

Authoring a book, specifically an eBook (electronic book), is easy,... 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

More Than An Ebook

The following in an excerpt from the E-Book of the... Read More

Top Ten eBook Mistakes and How to Correct Them

Did you know that you already have an eBook inside... Read More

Benefits of Ebooks for Your Business

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

Internet Business Model For Selling A Single, Unique Product

An e-book is a single, unique product. It's unique because... Read More

Ebook Promotion: 10 Secrets Smart Ways To Increase The Downloading Of Your Ebook

If you promote an ebook, then you must learn these... Read More

7 Secrets to Explode your eBook Sales! Part 6

Secret #6: Creating momentum and identity through Book Sellers!Aho99% of... Read More

Just One Quick Question

Ever notice the number of times a client or prospect... Read More

eBooks: With Courage and Patience, We Are Getting There

Just how do we make the "e" in e-books stand... Read More

My Rich Mums Ebook Secrets

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

Ebooks - How To Bring Them Into The Market

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

Reflection for Personal and Professional Development

Whatever you can do, Or dream you can, begin it.... Read More

Internet Marketing Online: 15 Smart Quick Ways To Profit From Ebooks

If you have an ebook, I can show you 15... 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

Top Ten eBook Mistakes and How to Correct Them (Part 2)

Did you know that you already have an eBook inside... Read More

How To Get Your Article or Ebook Started Fast... Time Saving Tips To Get Your Writing Moving..

As we have all heard time and again (and it's... Read More

How To Rebrand Your eBook Using Active eBook Compiler

Complete all the pages for your eBook in HTML format.... Read More

7 Secrets to Explode your eBook Sales! Part 2

Secret #2: Creating your Marketing Timeline for Success!Copyright 2004 Bluedolphin... Read More

Are You Using The Four Letter Word?

The most powerful word in the marketing dictionary is made... 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 One eBook Author Writes eBooks

How does this eBook writing process actually work for an... Read More

How to Almost Guarantee Your eBook Market Success

Conceptualizing a profitable idea and formulating a marketing plan to... Read More

Convert Productive Articles to Profitable eBooks

How many articles, reports and discussion papers have you written... Read More