If too many instances of fraud show up on your merchant account, it could get cancelled. otherwise, I don't see how you can be responsible for someone elses crimes if you have no part in it.
This is not legal advice but a general comment on society. International Law 24/7 hotline +1-202-318-2406 - Dr. Jonathan Levy, PhD calls or emails usually returned within 24 hours.
If you get the required info, you should be fine!
I am a criminal defense attorney practicing in Nassau, Suffolk and New York City. The above information is not a substitution for a meeting whereas all potential legal issues can be discussed.
If you do all that you are supposed to do then you shouldn’t have a problem. If on the other hand it can be established that you knew or should have known that the card being used is a stolen card, that’s an entirely different story.
If it can be proven you knew or should have known some of your customers are crooks, I think a fraud suit could be maintained as well as charges and jail time for criminal possession of forged /stolen instrument or possessing stolen property.
Hire a lawyer to protect your legal rights. Good Luck.
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