4 ms·
Stripe is god awful at fraud prevention and it's intentional. They are explicitly outsourcing the cost of risk management to their clients. It's obscene. I work
by mrguyorama 3y ago
Stripe is god awful at fraud prevention and it's intentional. They are explicitly outsourcing the cost of risk management to their clients. It's obscene. I work in the credit card fraud prevention field, and I'm not even that good at my job, but our team of like 3.5 people easily built and maintained a system that prevents this exact kind of carding attack.
The primary way for a business to prevent carding attacks is to just be slightly more annoying to attack than the next guy. As far as I can tell, Stripe is happy to be the easiest large network to attack because they outsource the pain and cost of any attack to you, their users. They could easily, and for very little cost, prevent this from hurting you.
Stripe is choosing to let you suffer to save a few bucks.
- KRAKRISMOTT 3y agoThey want to nickel and dime you and make you pay for Radar. It's the exact same strategy with Stripe Taxes and their terrible currency conversions. Provide no service up front and eventually you realize your stripe transaction hits two digit percentage of your overall price.
- johnsimer 3y agoWhat do you recommend as an alternative to stripe?
- KRAKRISMOTT 3y agoYou pool your payment providers using something like https://hyperswitch.io https://hyperswitch.io
- chasebank 3y agoAny suggestion for a crm that’s integrated to a platform like hyper switch? What’s the difference between them and spreedly?
- chinathrow 3y agoAnd pay another provider?
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