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While the holidays are filled with Christmas carols, gift-buying, and visits to loved ones, getting the right protection is key for a hassle free shopping spree. As more Filipinos turn to the convenience of online shopping, everyone needs to be wary of the different types of scams.
In a study conducted by TransUnion on global trends in digital fraud, shipping fraud was identified as one of the most significant threats, growing by 780.5% between 2020 and 2021. Scammers can commit shipping fraud by using a fake website or a fake item on a legitimate retailer's website to pose as trusted online sellers. While many online merchants are trustworthy, scammers take advantage of the internet's anonymity to defraud innocent customers.
Additionally, one of the most typical ways scammers gain trust is by taking control of the product pages and posting a large number of fake positive reviews and testimonials in an effort to make the products look real and of high quality.
GCash, the country’s leading e-wallet app, makes it easy to ensure a merry and bright Christmas season. With Online Shopping Protect, shoppers can now shop with peace of mind without having to double- or triple-check reviews that turn out to be unreliable.
This holiday season, GCash's new Online Shopping Protect is a convenient, complete, and affordable shopping partner to ensure the security of your purchases. GCash, in collaboration with worldwide insurance firm Chubb, combats online fraud with Online Shopping Protect by seamlessly incorporating protection coverage into online transactions done through e-commerce platforms such as Shopee, Zalora, and Tiktok.
