Remote Commerce: How do you thrive in a system that’s traditionally been rigged against you?
Wednesday May 20th 2020 | 1pm EST
Webinar hosted by Yitz Mendlowitz, CEO @ PAAY
It’s no secret that e-commerce transactions have risen dramatically since global shelter-in-place orders began. The impact of COVID19 is unprecedented and has compelled businesses to pivot towards a business model that puts remote commerce first. The question is- How do you thrive in a system that’s traditionally been rigged against you?
The payment ecosystem is set up to protect card issuers & customers first. On average, a victim of online payment fraud spends up to 2 days cancelling cards, and dealing with the aftermath.
For a merchant, it’s a much bigger problem. By 2021, losses due to fraud are expected to grow to 6.1 billion. Not only do they lose the merchandise that was ordered, but they are also liable for refunding the customer. And that’s not it...The Aite group recently reported that there is more money at stake with false declines for merchants than there is with true fraud.
In this webinar, Yitz Mendlowitz, CEO of PAAY will share his POV on key challenges businesses face when it comes to setting up a successful fraud prevention program and how to overcome them. PAAY’s mission is to empower merchants to grow their e-commerce business securely by offering network level chargeback protection.
We hope you join us!