Which Businesses Need Address Verification?

Posted by Eldon Broady on January 19th, 2021

There are plenty of things people need to verify about their customers in order to ensure that fraudulent activity and chargeback’s can be avoided. One of the most important pieces of information that an online business needs is a correct address for a customer. Address verification is essential because it prevents packages and shipments from being shipped back and prevents them from getting sent to the wrong place. Here are some businesses that commonly use address verification.

ECommerce Platforms and Online Businesses

If you run your business online, it’s likely that you either use an eCommerce hosting platform or you host your website independently. Either way, you likely ship your goods to the physical address of your customers. You don’t want these shipments sent back, so it’s good to use address verification software to make sure instances like these are avoided at all costs.

Home Rental Services

Home rental services like Airbnb, VRBO, and more need to have address verification for their own legal safety and for the safety of their customers. When someone rents from one of these services, they expect that the home in the pictures will be located where it says and that it looks like the pictures. With verification software, these services can ensure that fraudulent listings aren’t perpetuated.

Financial Institutions

When someone signs up for a financial service, they typically need to include their address. This allows the service to check their financial background and run a credit check. If the address isn’t verified, then the institution will waste their credit check and might have to eat the charge themselves.

Third Party Logistics Companies

Companies that distribute, ship to warehouses, and are generally considered part a logistic service, need to make sure that they have address verification integrated in their software’s. This prevents large shipments, time-sensitive shipments, etc from being delivered to the wrong address, wasting time, money, and resources for both parties. If you are looking for address verification service, visit this website.

If you’re a service that operates online, it’s likely that address verification will be important to making sure that you’re not wasting time and money. Make sure you have good software that can help you maintain your verification procedures and ensure that you’re best serving yourself and your customers.

Author Resource:-

Eldon Broady writes about identity verification and business verification service. You can find his thoughts at ID verification solution blog. If you are looking for customer verification service, visit this website.