High-Risk Online Fraud Countries for Ecommerce

Source [Kiril’s Tip #2 for 2018]

Scaling worldwide is always a great idea, but you have to be aware that there are some parts of the world where the risk of fraudulent transactions is a bit higher. I compiled a list of High-Risk countries that you can keep in mind and if you want, you can exclude when scaling Worldwide

High-Risk Online Fraud Countries:

Latvia, Egypt, Ukraine, Malaysia, Colombia, Philippines, Cambodia, Albania, Lebanon, Argentina, Bangladesh, Nigeria, Brazil, Peru, Vietnam, Honduras, Taiwan, Dominican Republic, Ukraine, Egypt, Indonesia, Sri Lanka, Ecuador, South Africa, Venezuela**

And some more useful information 🔽🔽

Top 5 Least Fraudulent Countries

Denmark
New Zealand
Finland
Norway
Switzerland

Top 5 Countries with Highest Average Cart

Kuwait
Hong Kong
United Arab Emirates
Saudi Arabia
Switzerland

Top countries that still largely use cash-on-delivery (COD) payments in e-commerce

India, Pakistan, Bangladesh, Nepal, Sri Lanka, Maldives, Afghanistan, Indonesia, Philippines (to a larger extent), Thailand (to a larger extent), Indonesia, Vietnam, Bangladesh, Bulgaria, Romania, Portugal
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PS - If I am missing something or might be wrong about some countries, please let me know in the comments below

Source
https://web.facebook.com/groups/conversionmasters/permalink/392322741207476/