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Identifying the Signs of Online Fraud
Buying behavior is a key indicator in identifying fraudulent transactions from legitimate ones. Merchants can minimize risk and fraud by closely examining what their customers buy, the quantity and amount of their purchase, their payment method, and how their customers choose to have their orders delivered. Protect your business from risk and fraud by staying alert and examining order information that can give insight if an online credit card transaction is possibly fraudulent or legitimate.
What is “Friendly Fraud”?
“Friendly fraud” is chargebacks made by regular credit card holders who made a genuine transaction and received the product yet claim they were not responsible for the whole transaction or they claimed they have not received the product. This kind of fraud is also known as “It Wasn’t Me” chargeback.
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