Every eCommerce firm should safeguard themselves and their clients because there are many different types of e-commerce fraud.
Card testing is a sort of fraud when someone tries to find out if credit card data that has been obtained may be used to make transactions.
When a customer makes an online purchase and subsequently asks the payment processor for a chargeback, alleging the transaction was fraudulent.
It involves giving back items that aren't eligible for a refund to a store in exchange for cash or other items.
When a thief gains access to the victim's online shopping account, he uses the stored credit card information to make purchases.
Once an order has been placed using a credit card that has been stolen, the intended outcome is to intercept the delivery and steal the products.
When a customer purchases something from a third-party marketplace, only to find out later that the item was really bought using a stolen credit card.