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Some are clearly legal liabilities. The rest almost certainly have high fraud/chargeback rates. Can you imagine how many people must dispute what they paid to
by eli 12y ago
Some are clearly legal liabilities. The rest almost certainly have high fraud/chargeback rates. Can you imagine how many people must dispute what they paid to a psychic
- mietek 12y agoWhat about "48. Telecommunications equipment and telephone sales"?
- jasonlotito 12y agoWhat about it? Telephone sales are high risk.
- eli 12y agoYes. A quick google reveals: > Telecom – The telecommunications industry is much more proficient with technology than it used to be. However, once services have been provided, recipients may dispute them. Card-not-present transactions are a mainstay for telecom companies. http://www.aliantpayments.com/who-we-service/high-risk-processing-merchants/ http://www.aliantpayments.com/who-we-service/high-risk-proce... I would imagine that things like VoIP service are targeted by criminals who constantly need new, anonymous phone numbers for other scams. Stripe's real business is measuring and assessing risk. The moving dollars around is the easy part.
- mietek 12y agoI was thinking racks of Alcatel-Lucent and stacks of Sagem, but perhaps you have a point.