Fighting Online Marketplace Fraud with ID Verification

The digital world operates with almost as much consistency and traffic as the physical world. The number of users in Europe’s e-commerce market alone is projected to hover around more than 500 million users by the end of 2021. A significant portion of these ever-increasing digital activities happens in online marketplaces with global sales on online marketplaces projected to be as much as $7 trillion in 2024.

Online Marketplaces Fraud – ID Verification to the Rescue

These “online marketplaces” are the new rave, and nearly everyone provides or enjoys at least one product or service via this medium. The ability to receive, hold and pay money makes online marketplaces a treasure trove for identity theft and, ultimately, financial fraud.

marketplace EN v2.0

What you will learn in this ebook:

  • shop icon with star logo What are Online Marketplaces, and why are they even necessary?
  • shopping bag icon on fire Why are Online Marketplaces booming in Europe?
  • bag of money icon with person trying to steal it What is Online Marketplace Fraud and the consequences of it for operators?
  • smiling shopping basket icon How to block the Fraud Gate with IDnow Solutions.
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