All I can talk is from my personal experience, but as the founder of a startup that sells physical goods online, we've had no issue with fraudsters. At all.

Granted, we are quite small and our volume of sales is not massive (Hey! Small startup with very little funding and mostly bootstrapped here), but still, I was expecting some kind of issue with this by now. Or at least people trying to get stuff for free.

For the record, we use Stripe and PayPal for payments, don't know if they do anything on their end.