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Q6 - Does Fraud-Check help me be more competitive?
A6 - Yes. With the advent of web crawlers, the ability to offer the same
product for less than the competitors, can move you to the top of the
'best buy' list. Lowering your costs enables you to pass on benefits to
your customers and to profit in the competitive e-commerce world.
Without Fraud-Check Real-time System
|
Average
|
||||
| Purchase Price |
$100
|
$300
|
$1,000
|
$3,000
|
| Fraud Rate |
5%
|
5%
|
5%
|
5%
|
| Direct Fraud Cost Per Unit |
$5.00
|
$15.00
|
$50.00
|
$150.00
|
With Fraud-Check Real-time System
| Purchase Price |
$100
|
$300
|
$1,000
|
$3,000
|
| Fraud Rate |
2%
|
2%
|
2%
|
2%
|
| Direct Fraud Cost Per Unit |
$2.00
|
$6.00
|
$20.00
|
$60.00
|
| Fraud Savings Per Unit |
$3.00
|
$9.00
|
$30.00
|
$90.00
|
| Cost of Service |
$0.50
|
$0.50
|
$0.50
|
$0.50
|
|
|
||||
|
____________________________________________________
|
||||
| Net Fraud Savings Per Unit |
$2.50
|
$8.50
|
$29.50
|
$89.50
|
| Ratio of Savings to Cost |
5:1
|
17:1
|
59:1
|
179:1
|
