The optimal amount of fraud is non-zero
bitsaboutmoney.com
The optimal amount of fraud is non-zero
Every company that sells products and services digitally factors in assumed losses due to fraud. Albeit a small percentage of revenue, fraud can add up to millions of dollars over time. It will continue to rise due to fraudsters getting more sophisticated and the patched-up nature of banking infrastructure. I’m excited by the large opportunity to... See more
Natalie Luu • The Future of B2B FinTech: Enabling the Merchant
Stripe is a very thin layer on top of directly working w/ credit card companies. 80%+ of those $60k are directly going to Mastercard/Visa.
So gotta do the extra work to prevent fraud & chargeback, or go with a MOR.
What's worked for us to prevent fraud:
- have people give you a... See more
Dominic Monnx.comAnd that brings us to authenticity and the key difference currently between the China market and the US market for online live shopping: authenticity doesn’t solve an acute problem in the US. In both China and the US, live shopping provides tremendous user value with its storytelling and intimacy benefits. But only in China has the the authenticity... See more