Many people make credit card purchases every day on pocket-sized devices with just a single tap of a button. Smartphones are owned now by billions of people around the world, so the ecommerce market has expanded rapidly and will only get bigger.
Current chargebacks statistics are a bit daunting. Costing businesses over $80 billion annually, chargebacks are a formidable foe for many business owners.
Let’s take a deeper look at the many cutting-edge ways today’s best online merchants use ecommerce platforms to stop chargebacks from harming their business, by streamlining operations and preventing fraud from draining revenue.