Try to buy something online from some Internet retailers in the United States and you may find your credit card rejected, even though you have not busted your credit limit.
This is because some US websites specialising in e-commerce retailing are advising online merchants to stop accepting all Singapore credit cards.
The reason: Singapore has been included in a group of ‘blacklisted’ countries seen as likely sources of Internet-based credit card fraud.
‘Our advice is to just not ship to any of these countries. In the long haul, you will lose money,’ says a warning on one site, www.cartserver.com
The company behind it, which provides e-commerce services to retailers, reckons the ‘vast majority’ of orders from some countries, including Singapore, are fraudulent.