They may be intended for the act of giving, but gift cards are also the de facto currency for fraud online.
Blacklisting is not a cure-all against eCommerce fraud; it employs some useful mechanisms for catching suspected fraud, but declining these transactions may not always be the best course of action.
Merchants looking to connect with the next generation of consumers will certainly want to consider peer-to-peer payment (P2P) solutions like Venmo, but is Venmo a good fit?
Dispute management is a balancing act. You want to protect your bottom line from fraud and chargebacks, but you don't want to add to the cost by throwing time and [...]
Chargebacks were created almost fifty years ago by the Fair Credit Billing Act to protect consumers from abuse. Unfortunately, little has been done to adapt the chargeback to today's eCommerce landscape, making it into a tremendous burden for merchants.