Riskiest States For E-commerce Merchants

Mar 17, 2016

Experian, data analytics and fraud prevention provider, has examined a large number of ecommerce transactions completed in California, Delaware, Florida, Oregon, and Washington, D.C. These transactions proved to have the highest rates fraud.

The Highest Rates of Fraudulent Transactions

California, Delaware, Florida, Nevada, and Oregon were found to be the riskiest states with regard to fraudulent transactions. The riskiest billing ZIP code was found to be Eudora, Kansas. This is a suburb of Lawrence university city located at about halfway between Kansas City and Topeka.

According to Adam Fingersh, GM and SVP of Fraud and Identity Solutions at Experian, merchants can carefully examine transactions from or shipped to the mentioned places.

Eudora was not on the list of the riskiest ZIP codes all year long until the week of Black Friday and Cyber Monday. This is the time when online traffic increases significantly.

The researched data and the information obtained can help ecommerce merchants avoid card-not-present fraud. It is critical for ecommerce merchants to turn to the right professionals in the field like emerchantbroker.com to secure their business. EMB, the Nations #1 high risk credit card processor, boasts an A+ Rating with the BBB and a #1 rating with topcreditcardprocessorsratings.com.

Why These Cities are Attractive to Fraudsters?

According to Fingersh, Florida is attractive to fraudsters because of several factors. These include its location, population and a large number of transactions completed. All these reasons provide perfect opportunities for fraudsters to take action.

The study revealed that areas close to large ports counted for higher rates of shipping fraud. Florida, and Miami, consequently, is a major center for international commerce. Miami is called the “UN of South America.” Oregon is also a coastal state.

Except for Florida and Oregon, California, Delaware, Georgia, Nevada, New York and Puerto Rico had higher than the national average fraud attack rates.

The report implies that ecommerce fraud is associated both with larger and smaller cities. In fact, fraudulent items can be shipped to anywhere. A reliable payment processor in the industry can help ecommerce merchants open a safe and secure merchant account for their business and fight fraud with ease.

Let us help you get a high risk merchant account today!

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