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I find this hugely compelling. Fraud protection is a huge time sync for most e-commerce providers. Bill - could you please explain some of the fine print? Are
by volandovengo 12y ago
I find this hugely compelling. Fraud protection is a huge time sync for most e-commerce providers.
Bill - could you please explain some of the fine print? Are all chargebacks covered? Do you provide the ability to select which countries to accept payments from? Thanks so much!
- billclerico 12y agoThanks! We believe that the payments are a commodity, but that good risk management is really valuable. One important item to note - WePay Clear is built for platforms - services that connect buyers and sellers like online marketplaces, crowdfunding sites & SMB commerce tools. We shield them from fraud losses by underwriting the merchants directly, and taking the losses ourselves when we're wrong. It is not built for standalone e-commerce merchants to protect them from fraud. We are exploring this for the future, however - you can imagine that a seller using one of our platform partners need protecting too. You can accept payments from anywhere, as long as it's a Visa, Mastercard, American Express or Discover. Sellers must be based in the U.S. or Canada, though expanding the scope of this is our #1 company priority.
- volandovengo 12y agoThanks for the details. When you offer this fraud guarantee for e-commerce sites, I'll be your first customer.