The problem with return fraud isn’t that companies can’t detect it.
It’s that investigating a $50 return can cost more than the fraud itself.
That’s the inefficiency we’re trying to eliminate with ReturnCheck.
https://t.co/MwYFznzfcH
Unpopular opinion:
If someone returns a $1,000 product and the retailer can’t verify what’s inside the box, should they still issue a full refund?
Where do we draw the line between customer convenience and fraud prevention?
Amazon will refund you for a missing package.
But how does Amazon know the package was actually missing?
That’s the billion-dollar question.
https://t.co/MwYFznyHn9
ReturnCheck knows.
On average, in a year, retail companies lose 103.4 billion dollars to return fraud.
That is ~15% of all sold products.
And the solution?
ReturnCheck.
https://t.co/0MSJKqLko8
Now live.
We got tired of security reporting being messy, slow, and unreliable.
So we built Transient.
And now, it’s is officially live. Would love to hear what you think.
#BuildInPublic#Tech#SaaS