Quote:
Originally posted by RocHard
I have a question that needs to be addressed: What about the charge back ratio on none adult internet sites, and brick and mortar businesses?
My wife used to manage a Ross department store; Their charge back ratio was much higher than 1%.
At the same time, this could be good for the industry - It might finally push out the people who are running sites looking for a quick buck. People pulling sneaky shit like hiding cancel pages and sites with crappy member's areas are gonna be gone overnight.
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I found this article - dunno if adult is figured in there or not:
According to an Unterberg Towbin study in 1998, more than 50 percent of disputed (or potentially fraudulent) charges at the Visa European division came from Internet transactions. However, 'Net transactions represented only 2 percent of the division's total transaction volume.
A recent Gartner study stated that e-tailers typically incur online chargeback rates of 2.64%, with fraudulent or stolen credit cards accounting for 1.13% of this total
And the CyberSource Fraud 2000 Survey revealed that approximately 4% of total transactions over their system are fraudulent, but that this figure ranged from 0% to 40%.
http://sellitontheweb.com/ezine/opinion076.shtml