Introduction to Fraud: Procedures to adopt > Payment methods

Payment methods

Adopt a procedure that specifies the acceptance level for each payment method you select.

Select your payment methods in accordance with your risk; consider their specifications and acceptance level in your target audience. Make sure you understand the specifics of each method. For instance, some card schemes do not support Authentication and, hence, do not support Chargeback Liability Shift, which means that you are always liable for chargebacks rather than the card issuer.

Future changes to legislation may affect payment methods for certain kinds of online business. For example, recent legislation in the USA has banned credit card payments for online gambling.

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