3 ms·
Not all businesses that use credit cards are in the broken US system. It's not a widespread problem everywhere.
by Dah00n 5y ago
Not all businesses that use credit cards are in the broken US system. It's not a widespread problem everywhere.
- nohat00 5y agoAccording to Merchant Risk Council survey data[1], in 2021, friendly fraud in Europe was 1.3% (of transactions), 1.6% in Latin America, and 1.5% in APAC. In North America it was only 1.0%. So, it's actually a smaller problem in the US than in Europe and other global markets. Further, "Annual Ecommerce Revenue Spent to Manage Payment Fraud" was 9% in Europe, 12% in Latin America, and 15% in APAC. It was only 5% in North America. [1]: https://merchantriskcouncil.org/resource-center/surveys/2021/2021-mrc-global-fraud-survey https://merchantriskcouncil.org/resource-center/surveys/2021...