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This is an important concept. More you push to zero fraud, the more inconvenience you put on your customer. You can cut bunch of fraud if you only allow shipm
by adrr 1y ago
This is an important concept. More you push to zero fraud, the more inconvenience you put on your customer. You can cut bunch of fraud if you only allow shipments to the billing address but then you inconvenience people who want to buy gifts, recently moved or have a vacation home. You can block all traffic from cloud providers but you'll end up blocking outbound proxies for people on military bases or corporate proxies.
- SchemaLoad 1y agoPersonally I'd like to see a move away from just giving your card details to a website and having them charge it for whatever they want. Because it just ends up that stolen details go around and get used for fraud easily. Should be moving to a system where setting up payments with a new provider has them request access to charge you, and then on the bank app you approve it. Australia has this as a fairly new system called PayTo, where you can approve and later unapprove individual merchants the ability to charge you.
- greiskul 1y agoBrazils pix system as a similar mechanism, where a website can generate a code for payment, that you can copy or scan a qr code into your bank app, and then approve the payment. Individual merchants barely get any information from you this way, and have no way of even trying to charge you more later.
- adrr 1y ago99% of e-commerce merchants don't have hand the credit card informations. Its all passed on the front side by payment providers like Stripe or Braintree. Shopify merchants go further with a hosted payment page. Handling card numbers bring on a lot regulations for PCI.
- Xss3 1y agoVerifying they arent capturing input is difficult even if they use a processor.