Typical Risks for E-Commerce Merchants
Handling E-Commerce Risks
Those handling transactions online should consider the following common risks:
• Account information theft by hackers
• Account information theft on site
• Customer disputes and chargebacks
Selling your goods online can enhance customer relationships, attract new customers and increase sales revenue. However, if you are considering expanding your business online, it is important to understand what is required to maximize information security and minimize credit card payment risks. E-commerce sites that have little or no fraud controls in place can experience a chargeback rate of 10 percent or more. It is important to understand the basics of credit fraud before opening up for business online.