when it comes to payment, online shoppers are
clear: 59% of consumers surveyed use credit
cards as their preferred payment method. Accepted
virtually everywhere, credit cards offer shoppers
the ultimate convenience.
Industry analysts estimate the annual cost
of online credit card fraud to be $60 billion.
Depending on the type of transaction and industry,
recent research estimates anywhere between 3%
and 20% of online orders.
When a shopper uses a credit card in person
the proper checks are carried out at the point
of sale, and the card scheme rules require the
issuer to bear any losses arisen. With online
transactions the liability lies with you.