Global Fraud - May 2017
KEY FINDINGS INCLUDE
Since Q1 2016, fraud overall has gone down by 34.7 percent
High-value orders have the highest fraud rates – online orders worth more than $500 have an almost twenty-times-higher fraud rate than lower-value transactions.
Jewelry and Precious Metals merchants saw an average charge back of $1,970, the highest among the eight analyzed merchant categories. The Consumer Electronics industry still has the second-highest average chargeback – $1,456 – for orders over $500.