Quote from: NotLambchop on December 16, 2014, 01:46:38 PM

Quote from: Rassah on December 16, 2014, 08:02:46 AM

Quote from: NotLambchop on December 12, 2014, 02:18:46 PM

>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)

"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 Roll Eyes

I didn't even notice the thing about the author. Note I also provided a LexisNexis report, and the original source that I found this out from, the link I can't find anymore, was from Forbes, which I corroborated by checking other links at the time. Trust me, loss to credit card fraud is 3%, not 0.05%