How to reduce PayPal fraud payments?

[ORLOVA]

Hello everybody.
In short we get payments from stolen debit/credit cards for purchasing our online services. When the card holder understands what is going on PayPal puts the money on hold and we don't have any chance.
Started to refund the payments and even after refund (which even does 5% loss) we sometimes get chargeback fees of $20!
Can somebody give some ideas to prevent this. The ratio of real/fraud payments is like 50/50 which reduces our profits a lot...
Any ideas?

Thanks

[Tabitha12345]

Sorry mate there is no way to do it i will ask my friends if they khnow there is a way will let you khnow for sure but it cant

[Lewis-H]

Don't list someone else's address on your PayPal account.
Verify your suppliers and don't send money to someone you don't know.
Only ship items to the address on the Transaction Details page.

[adulistravel]

Go to the Resolution Center.
Click Report a Problem.
Select the transaction you want to dispute.
Click Continue.
Select either I didn't receive an item I purchased or the item I received was significantly not as described or I want to report unauthorized activity, depending on the nature of your dispute.

[lishmalinyjames]

Consider setting limits. Using your unique knowledge of your business, set limits for the number of purchases and total dollar value you'll accept from one account in a single day.
Use the address verification system (AVS).
Require the card verification value (CVV).

[lishmalinyjames]

Address Verification Service (AVS).
Card Verification Value (CVV).
Device Identification.
Flag Large Transactions.
Payer Authentication (3-D Secure).
High-Risk Countries.
Risk Scoring.

[dazzle]

Monitor every transaction 24/7 to help prevent against fraud, email phishing and identity theft. Every transaction is heavily guarded behind our next-level encryption. If something seems suspicious, our dedicated team of security specialists is immediately on it to help protect you from fraudulent transactions.

[myresellerhome]

When you make a payment through PayPal, you are trusting that the person receiving the money is who they say they are. Unfortunately, there is still a small amount of fraud that goes on with PayPal payments. Here are some tips to help reduce your chances of being a victim of PayPal fraud:

-Use caution when accepting payments from people you don't know well. There have been cases where people have tried to scam others by posing as friends or family members.
-Be sure to inspect the sender's information carefully before accepting a payment. Make sure the name and address matches what was provided in the PayPal account settings.
-Never send money to someone you don't trust completely. If something seems fishy, contact PayPal immediately to discuss your concerns. They will work with you to determine if the payment should be refunded or reversed.

[dazzle]

Monitor transactions and reconcile your bank accounts daily. ...
Consider setting limits. ...
Implement 3D Secure (3DS) for strong customer authentication (SCA). ...
Use the address verification system (AVS) and card verification value (CVV). ...
Get tougher with password requirements. ...
Keep your platforms and software up to date.

[ryanwuk]

There are several steps you can take to reduce the risk of PayPal fraud payments:

1)Enable two-factor authentication: Two-factor authentication adds an extra layer of security by requiring a code in addition to your password to access your account.

2)Use strong and unique passwords: Strong passwords that are difficult to guess and unique to your PayPal account can help prevent unauthorized access.

3)Monitor your account regularly: Keep an eye on your PayPal account for any suspicious activity, such as unexpected transactions or changes to your account information.

4)Avoid clicking on links in emails: Scammers may send emails that appear to be from PayPal, but actually contain links to fake websites designed to steal your information. Always log in to your account directly through PayPal's website to avoid falling for these scams.

5)Use a payment gateway with fraud protection: Consider using a payment gateway that offers fraud protection, such as PayPal's Fraud Management Filters, to help detect and prevent fraudulent transactions.

6)Educate yourself and your employees: Make sure you and your employees are aware of common PayPal fraud scams and how to avoid them.

By following these steps, you can help reduce the risk of PayPal fraud payments and protect your account from unauthorized access.