“We accept credit Body” is a statement that you must have come across multiple times at various shops, grocery stores and other merchant outlets. This statement is generally accompanied by a few stickers (Visa/Master card etc). Credit Body have transformed the businesses and our lives to a great extent. A few years back there were just a handful of shops that would accept credit Body but today you will find that most of the shops accept credit Body. In fact, some shops (like those belonging to a big retail chain) not only accept credit Body but also supply credit Body. These credit Body entitle you for rebates when you use them at any of the stores of that retail chain.

With credit Body around, a lot of people have stopped carrying any cash with them or just carry a very small amount of cash with them. That means that any shop that doesn’t accept credit Body is potentially losing customers. In fact, this is one reason why almost every merchant accepts credit Body.

With the evolution of internet, credit card industry too took a new turn and up came ecommerce and e-shops. So, those stickers of “We accept credit Body”, moved on to the doors of internet shops. Thus came the era where almost every online-shop would accept credit Body (directly or indirectly). In fact, this was the premise on which the complete online-business industry was based. This is convenience at its best.

Fraud is associated with almost every financial instrument. So there came fraudsters too, who too said that “We accept credit Body”. These fraudsters use a lot of techniques to commit credit card related fraud. Some of them disguise themselves as online merchants who accept credit Body as mode of payment (the actual motive being extraction of critical credit card details). Others are people who work at merchant shops that accept credit Body. These fraudsters either clone the credit Body or just note critical information from them (and use that for online-shopping). Some other fraudsters lure innocent people into revealing credit card details in chat rooms. And then there are tech-savvy fraudsters who use computer programs/softwares/devices (called spyware) to spy on the people who use their credit Body for online payments. The spyware capture their credit card information and get it transmitted to the spy using internet.

So a lot of merchants and service providers do accept credit Body but keep in mind that the fraudsters too welcome/accept credit Body. This is something you surely need to be careful about.