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Friendly fraud

1.3K
Volume
+1011%
Growth
exploding

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About the Topic

Friendly fraud occurs when a consumer makes an online purchase with their credit card and then requests a chargeback from the issuing bank after receiving the goods or services. This type of fraud can be unintentional, stemming from misunderstandings or forgetfulness, but it can also be deliberate. It primarily affects online merchants and financial institutions, leading to financial losses and increased scrutiny of chargeback claims.

Friendly fraud was discovered on October 18th 2023 and it currently has a search volume of 1.3K with a growth of +1011%.

Key Indicators
Growth
  • Exploding
  • Regular
  • Peaked
Speed
  • Exponential
  • Constant
  • Stationary
Seasonality
  • High
  • Medium
  • Low
Volatility
  • High
  • Average
  • Low
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Categories
Finance
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