Chargeback Fraud is now a $7 billion problem in the United States

Chargeback fraud now accounts for one of the biggest segments of ecommerce fraud losses. A chargeback occurs when the customer demands that the bank return their money for a purchase. This can be due to a multitude of reasons, whether they are legitimate (perhaps a stolen credit card, or the goods were lost in shipping) or suspicious (exchanging an old item for a new, or trying to end up with both the product and the original amount that was paid).