U.S. Cities Merchants Should Be Aware of Heading into Holidays

Black Friday signifies the official start to the holiday shopping season in the United States. With the growing popularity of Black Friday and the ever increasing volume of people shopping via the internet, online sales this holiday season are predicted to follow suit.

However, as online sales continue to grow, so does the opportunity for fraud. The Chief Operating Officer of Chargebacks911 emphasizes the need for merchants to stay alert to fraudulent activity, especially at this time of year.

Online merchants should pay close attention to transaction disputes as part of their risk management strategy, because high chargeback rates are frequently a sign of retail fraud."

Merchants need to understand chargebacks and the detrimental affect they can have on a business if an effective risk mitigation system is not established. As Eaton explains, chargebacks come with a whole host of problems for the merchant.

Beyond losing merchandise and profits, Internet retailers can face additional fees and consequences in relation to chargebacks”

With the chargeback problem becoming progressively worse, Chargebacks911® conducted research to identify which cities in the United States have the highest level of chargebacks. New York topped the list with the highest chargeback percentage in the US.