Each year 6 million Americans lose an average of $1,000.00 to ID Theft Fraud.
The victims spend an average of 300 hours trying to resolve the fraud.
Two percent of 300 hours is 6 hours of CSR time. a minimum of $ $90.00.
WebPicID reduces fraud losses and FVCC by 50%.
On $1 million in sales with an average sale of $50.00 and with 2% fraud.
2% of 1 million is $20,000.00 in fraud and 400 frauds.
A 50% reduction of the fraud is $10,000.00 less the 30% fee is $7,000.00 recovered.
FVCC are $36,000.00.
A 50% reduction of the FVCC is $18,000.00.
The total reduced fraud cost is $25,000.00 per million.