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There are a variety of methods that con artists can use in order to take money from cash registers in your dollar store business. These usually involve a variety of different forms of payment and depend on the particular circumstances. For example use of a stolen credit card, fraudulent check, or using multiple forms of payment. These are often paying with partial cash and partial credit or check or the use of multiple credit cards in order to make a purchase. There are also instances of individuals asking to charge credit onto a debit card rather than use the pin.

While some of the instances may not be con artists at work they should be viewed with caution to protect your dollar store business. There are instances where an individual may have forgotten their pin number and wish to use the card as a credit card. This is usually encouraged by banks because of the fees they can earn but it also leaves a wide open angle for con artists. They can easily pull this off due to the lack of signature checking run through a register, swipe, and deal the card as credit, sign and go.

There are also individuals who will pass stolen or checks which belong to non existent bank accounts. While stolen checks may be easier to spot since driver’s licenses are becoming more and more of a requirement, when it comes to using checks, fraudulent checks may be harder for cashiers who are not trained to notice smaller details. These checks are usually made by professionals and appear to be real. The only difference is that they are usually attached to non- existent bank accounts. The is also a practice of check kiting which is to use a check to make a purchase then withdraw the money from the bank prior to the check clearing. This ends up coming back as a bad check to your dollar store business.

Multiple forms of payment are fairly common. In fact most people on public assistance might use food stamps on one card and then use another card or cash to pay for the items not covered. There are also individuals who will pay with debit on part of the transaction and cash for the rest. These are fairly common practices and because of this con artists have an easy way to walk away with a number of items. Since it is a fairly standard practice it is not something that arouses a lot of questions in the mind of the employee. They simply accommodate the customer. Your dollar store business faces the challenge of understanding and then training all cashiers to properly handle these challenging transactions.

Credit card companies will call to verify or request a phone call to receive verification if a large amount is charged to a card over a short period of time, or for example a large amount in an out of state location. To avoid this, con artists will make a large purchase charging only part of it to the card, making the purchase small enough to go unnoticed and then purchase the rest with another form of payment. These are just a few of the methods used by con artists in order to obtain items without paying for them at the cash register. Be sure to protect your dollar store business from these problems.

To your dollar store business success!

Are you interested in opening you own dollar store? Check out “A Beginner’s Guide to Opening a Dollar Store at http://www.OpeningADollarStore.com

Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer. http://www.marketingsuccesscenter.com