New data shows one in three Black Friday chargebacks claim ‘never arrived,’ prompting Chargeflow to launch Prevent 2.0

New data reveals that one in three Black Friday chargebacks involves customers claiming their purchases never arrived, highlighting a significant challenge for retailers during peak shopping seasons. In response to this growing issue, Chargeflow has launched Prevent 2.0, an advanced fraud prevention solution designed to combat these misleading chargebacks effectively. This innovative platform leverages sophisticated machine learning algorithms and real-time data analysis to identify and reduce false claims of undelivered orders. By addressing these excessive ‘never arrived’ disputes, Chargeflow aims to help merchants minimize revenue losses and improve customer trust. The launch of Prevent 2.0 comes at a crucial time when retail businesses face heightened risks of chargeback fraud amid the surge in online shopping. Retailers adopting this technology can expect enhanced protection against fraudulent claims, streamlined chargeback management, and better operational efficiency. Chargeflow’s latest solution represents a significant advancement in combating chargeback fraud, ensuring businesses are better prepared for future shopping events.

PR Newswire