| Term | Definition |
|---|---|
| Refund Fraud |
Refund fraud occurs when a fraudster exploits a merchant's refund policies for financial gain. There are a wide variety of methods fraudsters may use to commit refund fraud, including falsely claiming a product was never delivered, returning a counterfeit item instead of the original, or purchasing an item with the intention of returning it for a refund after using it for a period of time. Read more >>> |
