Re: permabulls not only lost the control over this section-in fact they are extinct
>The average annual loss to merchants from credit card theft is about 3%.
No. "During 2012 credit card and debit card gross fraud losses accounted for roughly 5.22₵ per $100 in total volume, up from 5.07₵ per $100 in 2011.
(Source: Nilson Report, August 2013)
No. "During 2012 credit card and debit card gross fraud losses accounted for roughly 5.22₵ per $100 in total volume, up from 5.07₵ per $100 in 2011.
(Source: Nilson Report, August 2013)
"According to the Startup the average e-commerce retailer loses 3.1% to fraud every year." (http://letstalkpayments.com/3-4-b-annual-fraud-losses-due-chargebacks-reversals-signifyd-can-help/)
I offer the Nilson Report as source, you offer a blog post pimping a business by some Bitcoiner
About the author
"Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading & Blogging with focus on New Innovation, Technology & Startups in the Payments Space."