One Year of Ricardo MoneyGuard: More Security and Trust for Sustainable Online Shopping

13.03.2025

A year ago, Ricardo introduced MoneyGuard to make online transactions between private individuals more secure and to better protect buyers and sellers from fraud. This service reduces common risks such as advance payments without delivery or receiving an item that does not match its description. With secure payment processing and a money-back guarantee, MoneyGuard sets new standards in online security.

Since its launch in early 2024, over 350,000 Ricardo transactions, worth more than CHF 23 million in total, have been successfully secured with MoneyGuard. Around two-thirds of buyers opted for this voluntary protection option (where available), significantly reducing fraud cases on Ricardo. MoneyGuard safeguards both buyers and sellers by ensuring secure payments, streamlining shipping and transaction processes, and providing comprehensive customer service support in case of issues.

Online Fraud Continues to Rise

According to the Swiss Federal Office for Cybersecurity (BACS), the number of reported cyber incidents in Switzerland rose from 10,833 in 2020 to 49,380 in 2023 – an increase of over 350 %. Fraud on classified ad platforms and online marketplaces remains a significant problem. Common scams include failure to deliver goods despite advance payment, refusal to pay after shipment, or receiving items that do not match their descriptions. To address these challenges and meet users’ growing demand for increased security, Ricardo developed MoneyGuard. This service specifically targets the most common fraud risks and provides a reliable solution for safer private online transactions.

MoneyGuard Outlook: Higher Coverage Limits and Process Optimisation

Ricardo is continuously improving MoneyGuard. Based on user feedback, various technical and functional optimisations have already been implemented. One of the most significant updates was the introduction of MoneyGuard as an optional feature for buyers. Also, in March 2025, the maximum coverage limit for secured transactions will increase from CHF 1,500.– to CHF 5,000.–. Already, more than 99 % of parcel-shipped items are covered by MoneyGuard – and with this new limit, coverage will rise to nearly 100 %. In addition, Ricardo is working on an enhancement that will allow multiple items purchased with MoneyGuard to be combined into a single shipment.

Currently, MoneyGuard is available for 20 % of all listings on Ricardo. By the end of 2025, this figure is expected to rise to 80 %. “Every case of fraud is one too many. With MoneyGuard, we have developed a solution that enables our users to protect themselves easily and effectively. Standardised security measures are essential to make second-hand purchases between private individuals even safer and more trustworthy,” says Francesco Vass, Managing Director at Ricardo.

Security as the Foundation for Sustainable Commerce

Security and trust are essential for the second-hand market to grow and for responsible consumption to become the norm. That is why Ricardo continuously invests in security measures: over the past two years, more than CHF 3.2 million has been invested in technologies such as multi-factor authentication and automated fraud detection. Combined with MoneyGuard, these measures have helped reduce the fraud rate in 2024 to below 0.3 % of all transactions.

Through these initiatives, Ricardo is setting a security standard comparable to that of traditional online retailers while allowing buyers the freedom to decide the level of protection that suits them best.

Mojca Fuks
Senior Corporate Communications Manager &
Media Spokesperson

[email protected]
+41 76 220 59 89


About Ricardo
Founded in late 1999 in Baar (ZG), Ricardo has grown over the past 25 years to become one of the most popular online marketplaces for secondhand goods in the Swiss e-commerce market. Ricardo is part of SMG Swiss Marketplace Group AG.
www.ricardo.ch

Marta Andreoni

Head of Design for Automotive

Introduce yourself and your role at SMG

I’m Marta Andreoni, Head of Design at SMG Automotive. I lead the design and UX writing team shaping AutoScout24 user experience. 

In my role, I wear many hats. My main focus is ensuring we stay true to our vision “simplifying people’s lives and connecting humans through innovative digital platforms” and our brand promise, “make it happen”. I challenge my team to think user-first, push for innovation, ease of use for our customers and make forward-thinking decisions, even within business and technological constraints.

 A big part of my role is supporting each designer’s growth, motivation, and career development. Through one-on-one coaching, mentoring, group work, and projects, I help my colleagues set and achieve their goals while fostering new learning opportunities.

What helps you feel empowered and confident in your role?

If I had to mention one thing I would say “being proactive” has been key to feeling more empowered. I enjoy solving problems, so when issues or opportunities arise, be it in the product, market or the team, I get curious and I proactively investigate the reasons and try to bring inputs to be discussed with others, this makes me feel I can be part of the process or solution and my point of view is going to be taken seriously. My optimism also plays a role, giving me confidence that even the most complex challenges can be solved. 

Besides, having trust from other managers and colleagues makes me feel in a safe environment where I can take ownership on topics I’m passionate about. 

What’s one thing SMG does well in fostering an inclusive workplace? What more can be done to amplify and support different perspectives in the workplace?

In my experience, we strive for balancing top-down and bottom-up inputs, ensuring employees can influence product directions, processes, and culture. People are approachable, and our strong feedback culture helps voices be heard. Across SMG, initiatives like regular People & Culture Surveys, topic guilds, and events in our locations across the world foster open exchange and mutual learning.

That said, I’ve noticed that quieter voices sometimes get less space, or interacting with top management can feel intimidating, especially when giving critical feedback. To make participation more inclusive, we could apply more facilitation and group work techniques like structured turn-taking, written input, and smaller group discussions – ensuring everyone, regardless of confidence level, seniority or personality, feels comfortable contributing. 

Design is often about seeing the world differently. How do unique perspectives contribute to more innovative, inclusive, or impactful design?

Design is about understanding diverse user personas and perspectives to create solutions that truly meet their needs or create new opportunities. I believe in the power of collaboration to shape user experiences – bringing together different disciplines, backgrounds, and lived experiences helps challenge assumptions, uncover blind spots, and drive more inclusive, innovative, and impactful solutions.

Looking back on your career, what’s one lesson or piece of advice you wish you had known earlier as a leader in design?

There are three things no one really prepares you for as a design leader: dealing with constant change, facing failure and handling emotions at work. These topics aren’t talked about much until you face them. I was lucky to learn from others’ experiences, but much of it came through my own.

One thing I wish I had understood earlier is the power of emotional intelligence, my job is no longer about the content and the design, it is about people. Self-awareness, not just of your own emotions, but also how others feel and react, can be the difference between conflict and harmony, frustration and clarity. The more I grow as a leader and designer, the more I realise that design isn’t just about doing the design job, delivering solutions on the market: it’s about navigating people, their emotions, and making change more acceptable and transforming issues into opportunities, both within the organisation and through great products.

 

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