![Chargeback Fraud Identity Verification](https://seamfix.com/wp-content/uploads/2024/08/unnamed-36.png)
Can Identity Verification Help Businesses Prevent Chargeback Fraud and Reduce False Disputes?
Did you know that 81% of cardholders have filed a chargeback? While many are legitimate, a significant portion is fraudulent, costing businesses $40 billion annually. Globally, fraudsters use chargebacks as the perfect disguise for illegal refunds. In one survey, 23% of respondents admitted to engaging in chargeback fraud when