Comments on: 39 tips to preventing credit fraud

By: cdbehrle

cdbehrle — Sat, 05 Apr 2008 21:34:43 +0000

great post and Brian is exactly right- 50 down/50 COD is the only way to go. Selling to stores for years these were my only terms. And yes while it’s initially hard to say no to a sale (and even harder to get a sales reps to say no) It quickly cuts through the chafe and makes life a lot easier. The list of 39 is an excellent reminder to never, ever suspend your disbelief.

By: Brian Kroon

Brian Kroon — Fri, 04 Apr 2008 19:15:12 +0000

Interesting points, with over a quarter century in the business I have seen ethics and morals in business erode greatly. We now let the credit card companies handle the risk.

Our losses to liars and cheats got so bad we now require 50% when we accept the job and 50% when we ship. When we changed several years ago to this policy my client list dropped from 235 customers to 6. It almost cost me the business, but now several years latter we are healthy, wealthy (almost) and wise!

Those that cannot abide by these terms are NOT adequately financed to be doing business.

By: Renae H.

Renae H. — Thu, 03 Apr 2008 03:25:29 +0000

Kathleen – you are SO good! Thank you.

By: SarahM

SarahM — Thu, 03 Apr 2008 01:07:57 +0000

Thanks so much for that post. The List of 39 is great to read and remember. I wish I had read it in my first few months of business!

In my case, I had the prompt payment for small order, the day I received the check she ordered a dozen more and I delivered them and in the interim the first check BOUNCED. (Short story, I got all my money back, but only by persistance.)

I think we are eager to please and to deliver on time and these scam artists know it and prey on it.

I am going to print the list off and put it on a wall somewhere! I would also add, if you have a bad or weird feeling about someone, go with your gut.