Home E-commerce Everything about E-Commerce

Everything about E-Commerce


We’ve a lot faster internet connectivity now, and we also get much more powerful tools on websites. It makes increase on the numbers of e-commerce fans.

The advantages of E-Commerce

1. Cost Effective

The entire financial transactions will eventually become electronic, so sooner conversion is going to be lower on cost. It makes every transaction through e-commerce payment a lot cheaper.

2. Higher Margin

E-commerce also enables us to move better with higher margin for more business safety. Higher margin also means business with more control as well as flexibility. You may also save time from the e-commerce.

3. Better Productivity

Productivity here means productivity for both companies and customers. People like to find answers online because it is faster and at less cost, and it costs a lot cheaper expense as well for the company.

4. Quick Comparison

E-commerce also enables you to compare price among several providers. In any case, it leads you to smart shopping. People can save more money while they shop.

5. Economy Benefit

E-commerce allows us to make transaction without any needs on stores, infrastructure investment, and other common things we find. Companies only need well-built website and customer support.

E-commerce revenue is constantly increasing, but the number of fraud cases, as well as the percentage of fraud in online transactions, is increasing faster still.

But what types of fraud exist?

Identity Theft

In order to commit identity theft or appropriate someone’s identity, fraudsters target personal information, such as names, addresses and email addresses, as well as credit card or account information. This enables them, for example, to order items online under a false name and pay using someone else’s credit card information or by debiting another person’s account.

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Without a doubt, hacker attacks on e-commerce providers and stealing customer data also fall under this fraud category, as does using malware on computers to commit identity theft by spying out sensitive data.

Friendly Fraud

Using this method, customers order goods or services and pay for them – preferably using a “pull” payment method like a credit card or direct debit. Then, however, they deliberately initiate a chargeback, claiming that their credit card or account details were stolen. They are reimbursed—but they keep the goods or services.

Clean Fraud

The basic principle of clean fraud is that a stolen credit card is used to make a purchase, but the transaction is then manipulated in such a way that fraud detection functions are circumvented. Much more know-how is required here than with friendly fraud, where the only goal is to cancel the payment once a purchase has been made.

Merchant Fraud

Merchant fraud is another method which must be mentioned. It’s very sple: goods are offered at cheap prices, but are never shipped. The payments are, of course, kept. This method of fraud also exists in wholesale.

It is not specific to any particular payment method, but this is, of course, where no-chargeback payment methods (most of the push payment types) come into their own.


Fraud methods vary depending on the sales channel, and the fact that most merchants aim to achieve multi-channel sales doesn’t make the situation any easier.

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