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Efosa Udinmwen

Businesses globally are set to lose $15 billion in 2025 because of fraudulent chargebacks, says Mastercard: here's how it impacts you, me and everyone

A person using a payment card on an ecommerce websites.

Fraudulent chargebacks are no longer rare, they're a rising epidemic draining billions from merchants
First-party fraud is booming because banking apps make it easy to lie and win refunds
Mastercard says businesses face 324 million chargebacks by 2028 if nothing changes fast

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