There is _always_ fraud, and you can't stop it all. All you can do is try to minimize the cost of the fraud.
There is an "acceptable" fraud rate from a payment processor. This explains why there are different rates for "card present" and "card not present" transactions, and why things like Apple Pay and Google Pay are popular with merchants.
There is an "acceptable" fraud rate from a payment processor. This explains why there are different rates for "card present" and "card not present" transactions, and why things like Apple Pay and Google Pay are popular with merchants.