Re:As a solo developer, I decided to offer phone support (2017)
by Dah00n on Tuesday September 21, 2021 @05:59AM
(#28603491)
Not all businesses that use credit cards are in the broken US system. It's not a widespread problem everywhere.
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Re:As a solo developer, I decided to offer phone support (2017)
by nohat00 on Tuesday September 21, 2021 @03:42PM
(#28609013)
According to Merchant Risk Council survey data[1], in 2021, friendly fraud in Europe was 1.3% (of transactions), 1.6% in Latin America, and 1.5% in APAC. In North America it was only 1.0%. So, it's actually a smaller problem in the US than in Europe and other global markets.
Further, "Annual Ecommerce Revenue Spent to Manage Payment Fraud" was 9% in Europe, 12% in Latin America, and 15% in APAC. It was only 5% in North America.
[1]: https://merchantriskcouncil.org/resource-center/surveys/2021...