Internet Retailer - Strategies For Multi-Channel Retailing


News Stories
News Stories Wednesday, December 3, 2003   
E-Mail 'The top--or bottom--10 countries for online payment fraud' to a friend  Printer Friendly: The top--or bottom--10 countries for online payment fraud   

The top--or bottom--10 countries for online payment fraud


A survey of U.S. online retailers who accept overseas orders conducted for payment processors CyberSource Corp. by Mindwave Research reports the following Top 10 countries for fraud, with the percentage of retailers who cited each country as a problems area:
Indonesia, 28%
Nigeria, 28%
U.S., 25%
Russia, 15%
U.K., 13%
Malaysia, 10%
Canada, 8%
Romania, 8%
China, 7%
Philippines, 7%
Mexico, 7%

Mindwave conducted a survey of 333 online retailers in October, of which 137 accepted orders from outside the U.S. They were asked: "From your experience, which three countries pose the highest risk of online fraud (i.e., either high risk or you refused to sell to because of fraud problems)?”

Back...

Copyright © 2006 This content is the property of Vertical Web Media. Privacy Policy
Articles by Age, Title, Author. Conference, CD, Guides