Selling online is a great opportunity because it exposes businesses to markets around the globe, but it also exposes them to fraud around the globe that can affect their quality of service, shipping and handling, and processing charge-backs. Dealing with fraud is expensive and complex, so many growing businesses haven’t invested in protecting themselves from risk. Here are some red flags you should look out for to protect your online business.
It is essential for retailers to adopt risk management tools to cut out time-consuming manual reviews. Properly handling fraud will boost the revenue of your business while reducing the risk of losses.