White Paper: Fraud Prevention for Ecommerce Merchants
The high costs of chargebacks and other ecommerce fraud schemes are costing merchants billions of dollars annually. Merchants try different fraud prevention techniques by implementing manual processes on transactions or even basic anti-fraud software, but they lose sales as the result of complicating the consumer experience.
In this white paper, we explore the costs of fraud and expose 4 requirements subscription ecommerce merchants must consider to generate optimal performance while protecting themselves against fraudsters.
There are several costs of fraud that subscription merchants tend to see. Some of these costs are clearly visible but others are hidden. Preventing fraud while boosting sales is a critical component of every successful ecommerce program. Acceptance Rates Turning away good sales for fear of fraud is a huge cost. Decline rates typically average 2.6% for domestic orders.