Cybersource Exec On Credit Card Fraud
Ecommerce Conversations
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Credit Card Fraud Strategy - How Much Should You Spend?
The amount people spend depends a lot on their gross profit margin. If you look at merchants selling $500,000 or less in annual online sales but they're selling a high-risk category like consumer electronics. We would see probably an average around 1% being spent almost $5,000. But we do also see across all merchants that about 60% of them don't spend any money on managing fraud.
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