[Infographic] What merchants should know about e-commerce fraud

16 JUNE 2015
Summary
Munich, 15. June 2015 - Every day fraud and identity theft threaten online businesses of all kinds. As an online business owner it is important to understand how fraud has evolved as well as the prevention measures you can take to prevent it. Therefore Paymill highlighted some alarming numbers regarding fraud and what merchants can do to help prevent fraudulent transactions:

Every day fraud and identity theft threaten online businesses of all kinds. As an online business owner it is important to understand how fraud has evolved as well as the prevention measures you can take to prevent it.

In many cases, fraud can be prevented with human intervention in combination with technology. One common way is by integrating 3-D secure into checkout, which is a security protocol that helps ensure the customer is actually the credit card holder. Therefore Paymill highlighted some alarming numbers regarding fraud and what merchants can do to help prevent fraudulent transactions:

By following the three easy steps explained above you’ll be able to reduce fraudulent transactions and save your business from having to pay costly chargeback fees. However please bear in mind that these prevention measures will help you prevent fraudulent activities but it does not guarantee that your online shop will be 100% fraud-free.


About Paymill

Paymill’s developer friendly REST API lets you accept credit and debit card payments, PayPal and others directly in your website and mobile application. Available across Europe, online businesses are able to accept online payments globally, enabling them to scale internationally from the get-go. The API gives full control of the checkout and can be used as a payment gateway. Thus you can deliver a user experience optimized for higher conversions. And with heavy-duty security measures already built-in – you can rest easy knowing your data secured.


Further information at www.paymill.com

Images
Spokespeople
Download PDF
Download PDF
news