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Fraud is an ever-present problem, especially in eCommerce. Unfortunately, fraudsters look for new ways to take advantage of merchants every day, and online gambling fraud rises as online gambling itself increases in popularity. In fact, it's one of the fastest rising industries right now, and fraudsters are quick to jump on any new opportunity that they can.
Fraud can take on many different forms, and the most common types of it in online gambling fraud are account takeover fraud, credit card fraud, and chargeback fraud. All of these affect merchants in unfair ways, and merchants could even find themselves in a situation where they are having to take concrete steps to counteract excessive fraud and chargeback rates.
To prevent online gambling fraud, merchants should take steps to verify the identity of the users on their platforms. There are many different ways to achieve this, and it's important to consider what specific measures would be best for your company.
If fraud and chargebacks are at a point where they are not manageable in-house, companies can choose to outsource chargeback services to a company like Chargeback Gurus, where they know that their fraud and chargeback challenges are being handled with expert knowledge and care.
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©Chargeback Gurus 2021
Production: Emily Woodward
Narration: Phil Claffey
