The lawsuit filed against Wish.com reveals that the company is engaged in stealing product ideas and offering counterfeit items on its website. By the way, this is being done with no official licensing agreement with the product companies. This article will tell you more about the case and will help you with chargeback insurance providers.
Chargeback Insurance Providers & Wish.com Case
Launched in 2011, Wish.com offers direct-from-China bargains. Supposedly, the company offers clothing, accessories, home décor among other items. Through partnerships with 3rd-party merchants, the website sells goods in exchange for a 15% fee.
Wish.com is famous for offering goods at lower price rates. However, the mentioned lawsuit shows that this is being done due to the fact that the goods, usually made in China, Myanmar, Indonesia, or other Asian countries, are counterfeit.
As an e-commerce merchant, you must be interested in reliable merchant services for your company. This can’t be an issue if you turn to a reputable provider that’s dedicated to offering the best possible services at the best possible rates in the industry.
No matter, you’re seeking trustworthy chargeback insurance providers, a true payment processing professional can be the best helping hand you need.
Lawsuit Against Wish.com
There were over 1 million merchants on the marketplace offered by Wish.com last year. The above-mentioned case says 94% of them are reportedly based in China.
On Wish.com, one can read that the company doesn’t tolerate any violation of intellectual property rights. As stated, the company is dedicated to being counterfeit free and providing the right protection for 3rd party intellectual property rights.
However, according to the plaintiff company, it’s not true that Wish.com protects intellectual property rights: there’s more than one counterfeit item available on the website.
On Wish.com, you can read what products are tabbed as counterfeit. Specifically, these are goods that:
- Directly mimic or allude to an intellectual property
- Are offered under a name that’s identical or can’ t be substantially distinguished from the owner’s intellectual property
- Come with images of celebs or famous models
To sum up, the lawsuit filed against Wish.com reveals that the latter is involved in stealing product ideas and offering fake versions with no signed official licensing agreement with the companies producing the goods.
Wish.com claims the company doesn’t approve any policy that’s against products that violate a 3rd party’s copyright, trademark, or other rights.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that can best help you with chargeback insurance providers. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.