Real-time Email Address Verification for E-commerce Fraud Prevention
Online shopping and e-commerce is a multi-billion dollar industry. In 2017 the retail e-commerce sales have surpassed $2 Trillion and are growing at the rate of approximately 23% year over year. E-commerce has grown from being an early fascination to actually competing with brick and mortar business model. To put that into perspective, 53% of global internet users have made an online purchase in 2016, that’s approx. 1 billion people. And the trend seems to be just growing. With all the benefits that e-commerce is providing to its consumers, experts are predicting the industry to go up to $4.5 Trillion by 2021. Yes, that’s double of what we have now!