Augusto Beato Sees Urgency in Curtailing Fraudulent Return of Online Purchases

October 09, 2018
Download as PDF Single Release RSS Feed
Facebook Twitter Google Digg Reddit LinkedIn Email

Augusto Beato, CEO of Portland SEO, asserted that e-commerce merchants should set parameters in accepting the return of goods in order to minimize fraudulent returns.

Beato said that this has become necessary in the light of a National Retail Federation (NRF) report that fraudulent returns—such as returns of stolen merchandise, wearing and then returning items, and use of counterfeit receipts—rose from 8.8 percent to 10.8 percent.

"Among the practices from customers is to buy items in multiple sizes or variations with the intent to return or engage in ‘wardrobing’, or returning items after use," Beato pointed out. "The problem also arises from the lack of industry safeguards to minimize these returns and fraud."

Merchants seeking to boost their online sales may reach out to Augusto Beato for advice through this link. To learn more on how Portland SEO can boost your online sales, click here.

Based on 2017 U.S. retail sales those fraudulent returns surpass $573 billion in total and more than $90 billion online, resulting in $62 billion in retail return fraud and nearly $10 billion in e-commerce losses.

Returns and fraud surpassed any proportionate trend in U.S. e-commerce sales that soared 16 percent to US$453.5 billion last year.

Monica Eaton-Cardone, a FinTech executive specializing in risk management and fraud prevention, notes that organized crime and consumer entitlement both contribute to rising return fraud.

She blamed Amazon policies for helping fuel the recent proliferation of returns. By offering free shipping, fast delivery and frictionless—often free—returns, Amazon has raised consumer expectations and created a sense of entitlement.

Amazon has been struggling with excessive returns and has recently resorted to closing the accounts of shoppers with particularly high return rates.



SOURCE: Press Advantage [Link]

Download as PDF Single Release RSS Feed
Facebook Twitter Google Digg Reddit LinkedIn Email

About Portland SEO :

Here at Portland SEO we earned the reputation as the best Internet Marketing Service in all of Portland for a reason. We offer unparalleled search engine optimization marketing plans Reputation Management and Portland web design Services.

Contact Portland SEO :

Augusto Beato
616 SE 68TH AVE #101
Portland OR 97215
(503)278-5599

Social Media:

Additional News Releases From Portland SEO :

April 16, 2019Facebook Should Reveal Reasons Behind Outages, Insists Social Media Analyst

April 12, 2019Trump Looking Good For Not Letting WikiLeaks Admiration Get in the Way: Social Media Analyst

April 11, 2019It's About Time Airlines be More Proactive Against Intoxicated Passengers, Asserts News Analyst

March 29, 2019Facebook Deals Big Blow on Data Privacy with Password Scandal: Digital Marketing Exec

March 27, 2019Can Apple Overcome Netflix's Big Advantage While Searching for Alternative Income, Asks Digital Analyst

March 20, 2019Instagram Shopping is the Next Big Thing in E-Commerce, Forecasts Digital Marketing Exec

March 14, 2019Augusto Beato Urges Food Companies to Embrace E-commerce

March 13, 2019E-Commerce Growth to Spur Warehouse Leasing Momentum, Forecasts Augusto Beato

March 13, 2019India Setting a Good Example in Skipping WTO E-commerce Talks, Says Augusto Beato

March 11, 2019Levi's, Apparel Brands to Benefit Immensely from Augmented Reality: Augusto Beato