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According to research from the National Retail Federation and data firm Appriss, retailers annually lose around $18 billion to what’s classified as “return fraud”. That jaw-dropping number doesn’t even begin to account for the devastating loss and cost that occurs if your company loses its merchant processing account. With the ever-increasing shift toward e-commerce purchasing, return fraud becomes more and more of a concern.
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According to research from the National Retail Federation and data firm Appriss, retailers annually lose around $18 billion to what’s classified as “return fraud”. That jaw-dropping number doesn’t even begin to account for the devastating loss and cost that occurs if your company loses its merchant processing account. With the ever-increasing shift toward e-commerce purchasing, return fraud becomes more and more of a concern.
