, up 46% from 2015 when 1.46 billion people made purchases online. This high-demand landscape has made many entrepreneurs rich, but it’s also faced unforeseen challenges over the last few decades.
However, as age-exclusive e-commerce stores have inevitably cropped up – as entrepreneurs seek to profit from under-served markets – age verification software is in high demand. Examples of age-exclusive products or services sold online include e-cigarettes, alcohol, dating apps, and even adult-only subscriptions such as magazines or online content.
, an online software which quickly determines the age of online consumers by referencing public databases., nearly 60% of online alcohol vendors make little effort to verify the age of customers. But it’s just that kind of carelessness that pushes online businesses precariously close to facing legal issues.
Good age verification software can even reduce e-commerce fraud and chargebacks, inconveniences whichUltimately, age verification software is a trend which buyers and sellers will both benefit from. With it, underaged consumers will have more trouble getting their hands on harmful substances, adults can seamlessly purchase age-exclusive products and services, and businesses face fewer legal repercussions, and experience less fraud and chargebacks.
Technology Technology Latest News, Technology Technology Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: Forbes - 🏆 394. / 53 Read more »