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In a world where Stripe is used in very few countries - Braintree seemed like a great alternative(It was just about the time it was being bought by PayPal). Si
by everydaypanos 10y ago
In a world where Stripe is used in very few countries - Braintree seemed like a great alternative(It was just about the time it was being bought by PayPal).
Six months into our "cooperation" they sent an email breaking the contract with us(e-commerce retailer) because their "bank" was protesting too many of our sales..
The truth of the matter is that Braintree was literally accepting all credit card transactions and had almost 0 fraud protection(for example we had orders being shipped to a Greek city, ordered by Iraqi-named citizens using US based credit cards..they all went through fine).
So they just breached the cooperation and they kept a large chunk of the owed money for like 4 months until their "bank" verified some thing or the other.
In my personal experience you cannot rely on Braintree to block fraudulent transactions for you - you have to do it yourself and pray that still you don't miss on too many frauds passing through to Braintree. Makes you wonder what use all these "credit card gateways" have if you still have to bear all the cost of doing the fraud-prevention yourself..
- URSpider94 10y agoThat is true for almost all payment gateways - fraud protection is the responsibility of the client. Read up on what happened to Stripe customers in the hover board craze of 2015-16. That's why there are many popular third-party fraud reduction services (for a fee, of course).