Discover Illicit Products at Retailers
In many cases, the illicit trade in tobacco or vapes can be traced back to online marketplaces. Rogue sellers are often able to offer products much cheaper than their legal counterparts. This can be a real problem for legitimate retailers, which are losing customers to the illicit market and putting their own reputation at risk. Find a Retailer Near Me
A recent study found that the sale of illicit products is costing the UK retail industry £9 million a year. That’s an average of £1,000 per shop.
Find Illicit Cannabis Products Near You
Illicit sales are also a huge problem for the environment. The illegal trade in elephant ivory is fueling a poaching crisis, and the illegal trade in sea turtle products has led to a severe decline in their population. It’s important for retailers to understand the risks of their own sales so they can take steps to prevent them.
Retailers should make sure they deploy antifraud technology that can spot when a purchase may be fraudulent and quickly stop the transaction. They should also educate their staff so they can recognize and avoid selling illegal goods. Finally, they should ensure their card network’s rules allow them to respond promptly to chargebacks. If a chargeback is triggered, the merchant has up to 120 days to dispute it, which can help them reduce their administrative fees. Having these policies in place will help them avoid being hit with costly fraud losses and protect their reputation.
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