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MII NEWS
The Dangers of eCommerce and How to Avoid Them
01 Nov 2021
By Satrio Ardia
What Are the Dangers of eCommerce?
The emergence of the dangers of e-commerce has brought with it a new set of dangers facing consumers.
The main dangers are fraud, identity theft, and cybercrime. With the development of e-commerce, the internet retail industry can no longer be controlled by companies or government agencies.
As e-commerce fraud and identity theft become more common, companies struggle to keep up with changing technology. Cybercrime has become a problem for consumers as they now have to face the consequences of their online actions.
The Rise of Digital Intermediaries and how to impacts the Future of Commerce
Digital intermediaries have emerged to take the place of traditional retailers. These new players in the market have a unique advantage over brick-and-mortar stores - their reach and ability to acquire new customers.
As online shopping has become increasingly popular, people have been looking for the safety of purchasing from reputable merchants only. In this scenario, independent third party rating agencies play a significant role in providing trust for consumers.
Consumers are increasingly preferring digital intermediaries, meaning that companies must evolve their marketing strategies to be more effective. A CRM for eCommerce is becoming necessary as a result.
5 Ways to Avoid and Reduce Ecommerce Fraud and Theft
Millions of dollars are lost each year to ecommerce fraud and theft. The 5 ways to avoid and reduce this type of fraud are:
1. Legitimate products with clear prices
2. Secure payment methods
3. Fraud detection tools
4. Social media campaigns
5. Clear pricing strategies.
One of the most important things to do when you are selling products on an online marketplace is to thoroughly research your potential buyers before selling to them. This can be done by doing a Google search, looking through forums, and reading reviews.
Look for vendors who support payment systems that are secure. Many people find that they're being charged twice after commiting to a purchase with their card. Make sure you use a shopping website that is based in your country or find an alternative way of paying the bill.
The risks of online shopping are well known. The buyer’s beware mantra should be the mantra for ecommerce as well.
The biggest hazard for online shoppers is lack of knowledge about what they are buying and what they are getting themselves into. They should know the basics about consumer protection laws, scam alerts, return policies, and so on.
It's important to read reviews before making your purchase because it may help you avoid scams.