---
title: Everything you need to know about online fraud payment fraud
date: 2023-02-01T12:01:00+00:00
author: Elektra Murphy
canonical_url: "https://www.ravelin.com/infographics/online-payment-fraud"
section: Infographics
---
Global & Industry Challenges

# Online Payment Fraud

Online payment fraud, or card-not-present fraud, is a type of fraud in which a fraudster steals payment information to make unauthorized transactions.

## HOW MUCH IS IT COSTING YOU?

# Online fraud

## trends & challenges

FRAUDSTERS FENCING CARDS

There are over 24 billion stolen credentials floating around on the dark web. In October 2022, a dark web marketplace released over a million stolen credit cards, allowing anyone to download them for free.

IT’S A BALANCING ACT

Finding the sweet spot between stopping fraud and delivering a seamless customer experience is no small feat! Almost 90% of UK customers abandon purchases when faced with friction.

CHARGEBACK WOES

Chargeback fees as a result of fraudulent transactions are a huge pain. They cost between $20 - $100, and companies stand to lose more than double the transaction amount.

## IS ONLINE PAYMENT FRAUD THE TOP FRAUD RISK TO YOUR BUSINESS?

## HOW HAVE ONLINE PAYMENT FRAUD LEVELS CHANGED IN THE LAST 12 MONTHS?

## ACROSS COUNTRIES

#### Equip your team with the tools they need to tackle fraud in 2023

If you’d like to hear more about how Ravelin can help your business, follow the link below

[Get in touch ](/contact-us)

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### Everything you need to know about online fraud payment fraud

Download the full guide now

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