The Better Business Bureau (BBB) warns that COVID-19 has led to a rise in online fraud. Scammers are expected to be active through the 2021 holiday season. This article will tell you more about the increase in scam activity and help you with a secure high risk merchant account.
Online Fraud Is on the Rise
In today’s increasingly digital age, scammers are getting more sophisticated about online purchases. Did you know that online scams now make up over 1/3 of all scam reports filed with the BBB? Four out of five consumers reporting this type of scam lose money. Thus, online purchasing scams have become the riskiest scam type, as the 2020 BBB Scam Tracker Risk Report shows.
Risks are also associated with social media ads on social media platforms and seasonal employment opportunities.
The BBB isn’t the only body warning about online scams. According to the Oklahoma City FBI …