Shopkeepers Going Online To Avoid Muggers - Discovering Online Fraud Is Worse

from the won't-get-shot,-though dept

Over in the UK, many new retail establishments have decided to set themselves up online instead of in a retail location. One of the leading reasons is because they're afraid of being robbed if they run a store. Of course, I'm sure the wider market, the lack of rent and the inventory carrying costs of display merchandise probably plays into the decision. However, many of those shopkeepers starting up online to avoid getting mugged or ripped off by shoplifters are realizing that online fraud is a much bigger problem - and it's always the shops themselves that are left to pay the price of online fraud.

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  1.  

    Question about liability

    identicon
    VIAS ... helping you purchase items you can't affo, Aug 27th, 2003 @ 9:40am

    I'm kind of curious as to how the retails are bearing the brunt of this fraud. In most transactions I have completed online I had to provide a credit card to make payment. If the fraudulent purchaser is using a fake or stolen card, isn't it the credit card company that " eats " the loss ?
    Any insite would be appreciated ...

    reply to this | link to this | view in thread ]

  2.  

    Re: Question about liability

    icon
    Mike (profile), Aug 27th, 2003 @ 9:54am

    We wrote about this earlier in the year. The credit card companies don't eat the loss: they pass it on to the merchant often in the form of fees.

    reply to this | link to this | view in thread ]

  3.  

    Re: Question about liability

    identicon
    VIAS ... helping you purchase items you can't affo, Aug 27th, 2003 @ 9:58am

    Thank you ... I read the article and now have a better understanding of why more and more merchants are starting to decline to take charge cards

    reply to this | link to this | view in thread ]

  4.  

    No Subject Given

    identicon
    Anonymous Coward, Aug 27th, 2003 @ 11:18am

    in a nation that has banned all firearms (and destroyed nearly all of them), this fear seems irrational. Sounds like reason #50 to start something online, not reason #1...

    reply to this | link to this | view in thread ]

  5.  

    Re: No Subject Given

    identicon
    ukman, Aug 28th, 2003 @ 1:33am

    This has to be one of the stupidest stories I have ever read. It's based on no evidence whatsoever. The bottom line is that there isn't that much shop crime in the UK and someone here is clearly trying to hype something.

    Ignore it

    reply to this | link to this | view in thread ]


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