The Gift Card Fraud Problem

If you are thinking of selling gift cards or already participating in this market, you are fully aware of the grave fraud problem that faces this industry.

Fraudsters steal credit card details and attempt to ‘launder’ funds by transferring the value to gift cards that are tougher to trace and simpler to use.

When selling digital gift cards online, this problem is accentuated as it does not even require a physical swipe. The average gift card fraud ‘hit’ is approximately 4% – in many cases erasing any and all profits and potentially creating significant losses to vendors and companies.

False Positives & Decline Rates

Fraud prevention companies have popped up all over the place offering various levels or fraud prevention and protection.

These companies will often offer software that mitigates the fraud problem by rejecting suspicious transactions. However, many of these tools end up declining perfectly legitimate transactions, thus reducing sales and providing loyal users with an unacceptable user experience.

Decline rates are often as high as 15% and sometimes even higher.

Our Promise to You

The Jifiti Fraud Protection guarantee provides you with the lowest decline rate in the industry and a full-proof fraud guarantee. Utilizing proprietary methods and technologies, we have successfully provided our clients and their customers with the ultimate protection and peace of mind along with an unparalleled user experience.