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.com