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Yes. There are significant beneficial network effects in payment processing. Back in the day, eBay had ludicrously good fraud rates (and hundreds of engineers
by splonk 8y ago
Yes. There are significant beneficial network effects in payment processing.
Back in the day, eBay had ludicrously good fraud rates (and hundreds of engineers working on models, from what I heard). We hired a few people from them and were quite proud to achieve rates in the same ballpark with orders of magnitude less traffic.
- paulie_a 8y agoeBay also had and still has a reputation for outright letting fraudsters operate easily as buyers. I would never trust eBay to sell anything there anymore.
- StudentStuff 8y agoSame for sellers. Its really sucky to get a bunch of broken laptop keyboards from a seller, then get replacements that are also liquid damaged or physically damaged.
- paulie_a 8y agoBuyers automatically win all disputes though. And every though PayPal thankfully split from eBay the buyer wins there too.