As an ecommerce jeweler, you've probably noticed the rising trend in online shopping. In fact, ecommerce sales will reach over $630 billion in 2020 per Juniper Research. While more customers are great for your business, it's also a good time to focus on how to keep your customers safe. As online sales increase, so does the potential for fraud. Juniper predicts that 65% of all online sales this year will be fraudulent.
When it comes to types of online fraud, you have different challenges than other ecommerce stores. As a jeweler, your price points are higher than other online retailers. Therefore, even one fraudulent order can have a significant impact on your business. Unfortunately, you’re also a target. Fraudsters go after your inventory because it’s easy to resell, inexpensive to ship, and in high demand.
- 04Challenges for ecommerce jewelers
- 06Help protect your ecommerce store and your customers