
Only One-Third of eCommerce Merchants Know if Fraud Caused a Failed Payment
Fraud Management, False Declines and Improved Profitability
Not knowing whether a transaction is fraud or a false positive costs U.S. eCommerce merchants $81 billion in 2023, according to PYMNTS Intelligence. A new study of 300 eCommerce executives, “Fraud Management, False Declines and Improved Profitability,” a collaboration with Nuvei, examines why these firms struggle to make the right call at checkout.
Inside the November Report
- 11%: Average share of online transactions by eCommerce merchants that fail
- 61%: Portion of fraud that merchants attribute to technology-driven activity
- 86%: Share of eCommerce firms that report increased profitability from proactive support from PSPs