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
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