If you are selling something on the Internet, most likely you are accepting payments through credit cards because it provide a convenient way for buyers to pay you.

Beware of the rising incidence of credit card frauds!

The cost of credit card fraud reaches into billions of dollars annually. In 2006, fraud in the United Kingdom alone was estimated at £428.0 million (about $840 million), according to MasterCard International.

You can protect yourself from credit card frauds by manually verify the address by going to any of the mapping services available online like Google Maps. If the mapping services indicate that the address does not exist, that should beware. Otherwise, call the cards' bank or the the cardholder. An effective means of verifying buyer information or if you have any doubt that the person you are sending your merchandise to is not the cardholder.

Wow! many work to do right?

Not that this is an ad for your services or anthing

↓↓*cough*↓↓

Seriously though, yeah, it is a huge problem... which is why you should always attempt to go through a bank that you know and trust, or worst case scenario PayPal.

Well, more and more people are using paypal now so it should soon be the most used payment method considering all the credit card theft. Besides many people can't qualify for credit card but can for pay pal. I guess you just need to determine who you potential customers really are. Anyway, thanks for the info Robho.