Do you know what fraud is and why it sends chills down the merchant’s spine when they just think of it? Read on to learn several types of online payment fraud and how to prevent it.
Fraud can happen anywhere in the online business world. Regardless of whether you run a small e-commerce store or are the owner of a retail chain. Fast-paced technological development and e-commerce market growth are incentives for fraudsters for finding new methods of hacking the market. So, how do you manage fraud?
Payment fraud is a term that scares every online business owner. It can be very costly, especially because it touches not only your money but also your credibility and customers’ trust. What is a payment fraud, and how can you prevent it?