The Point of No Return: How Retailers Can Fight Refund Fraud
The rise of eCommerce over the past decade has driven a 33% increase in the return rate of overall retail sales. With returns on the rise, it is estimated that by 2022, retailers can expect 13 billion units worth $573 billion to be returned annually – the challenge being that this number includes both legitimate returns and fraudulent ones.
So, where do merchants start when a customer insists they did not receive their package even though the shipping carrier confirms the package was delivered? In this presentation, Accertify will be joined by a number of retailers to explore the technology available to protect against these kinds of fraudulent claims and which precautionary measures can be taken to prevent refund fraud before it occurs.