eCommerce Fraud is a major issue for many small businesses. In fact, every $1 of fraud loss can cost your company $3.13 . It is essential to implement protections to safeguard an ecommerce store. One of the first measures you could implement is requiring customers to enter strong up to date passwords. Another way to enhance protections is to install fraud protection tools. For example, an AVS or address verification service is a great way to confirm that the address and zip code match up with the billing information. Make sure to check out the infographic below if you are interested in learning more about how to prevent eCommerce Fraud.
Infographic created by First Data, a credit card processing company