How to protect your business from first-party fraud
First-party fraud, or chargeback fraud, is an expensive cost of doing business. Merchants estimate that credit card chargebacks will cost them $100 billion in 2023—an expected outcome after the average cost of a dispute rose to $192.53 last year, up 16% from 2021. Compounding the problem is growing economic pressure and the increasing democratization of fraud; […]
