rbres

7 ms·

31.
by rbres 9y ago
Ah interesting suggestion, will consider it, thanks dsl.
32.
by rbres 9y ago
We've been processing orders for a year and a half in stealth with many clients. So we have a lot of data. The key: everyone is focused on large data sets (breadth of data). We have some of that, but not nearly as much as large process
33.
by rbres 9y ago
Yep try it on Invicta. The full demo goes through our dashboard, analytics, etc but testing checkout should give you a good overview.
34.
by rbres 9y ago
Many thanks!!
35.
by rbres 9y ago
Thanks mgkimsal -- could not agree with you more re: both checkout and fraud! We're taking a strong stand against endless customization. While we'll have some styling options absolutely, we're pretty insistent in best-standar
36.
by rbres 9y ago
First-time buyer value prop is strong. The more you convert/approve and the better experience they have, the more they convert to repeat buyers. We're also going to be working on very cool repeat-buy features. PayPal is great for
37.
by rbres 9y ago
Right. There are a lot of elements of ecommerce success. Building a compelling online storefront, for instance, is a big one (thus Shopify, Bigcommerce, Magento, Demandware, WooCommerce, etc). We're not here to solve everything around
38.
by rbres 9y ago
Agreed that Amazon is actually not the best at checkout, especially on mobile. What we're referencing is the fact that Amazon is able to invest $100M's and 100s of engineers into optimizing the checkout experience. Others really s
39.
by rbres 9y ago
Not all press pieces are perfect. Admittedly, the before/after graphic is not great. Go see real-world examples of checkout here and visit the sites: https://bolt.com/case-studies Less fields, less time to complete che
40.
by rbres 9y ago
Yes, absolutely.
41.
by rbres 9y ago
CEO of Bolt here. Browser autofill is a very detectable pattern, amongst hundreds of other patterns that all become elements of a broader fraud model. This broader fraud model doesn't only incorporate behavioral features, but literally
42.
by rbres 9y ago
It's not zero sum if you have overall greater precision. We believe we do and have proven it across dozens of case studies. As we publish more, we hope to let data talk. If I were in your shoes, I'd be similarly skeptical. Most co
43.
by rbres 9y ago
Thanks jv22222! Much appreciated. Transparency, positivity, and truth is our north star. Will shoot ya a ping.
44.
by rbres 9y ago
We pay the cost on behalf of the merchant.
45.
by rbres 9y ago
On the pricing page? What exactly happens when you click it?
46.
by rbres 9y ago
Nothing in adult for now. I'm not sure what "those currently operating in the unknown" means. Hoping to expand to more business categories as we grow.
47.
by rbres 9y ago
Hey dawhizkid - totally right. Some comments on that in this thread: https://news.ycombinator.com/item?id=16216682 https://news.ycombinator.com/item?id=16216936 We vet our merchants before onboarding and ma
48.
by rbres 9y ago
Big fans of crypto. I co-started the Stanford Bitcoin Group back in the day. Dropped out of school to re-engineer online payments originally inspired by crypto. We realized crypto's shortcomings in mainstream payments (after a valiant
49.
by rbres 9y ago
Our old, hidden URL site, had the slanted style for the last 2+ years before their redesign: https://drive.google.com/file/d/1qM3lAjCdSuTPAU-R9S2THrD83Zd... Is pretty consistent with our style today.
50.
by rbres 9y ago
Yes! Shoot us an email: jobs [at] bolt.com
51.
by rbres 9y ago
Looking into this thanks.
52.
by rbres 9y ago
We cap it at low absolute single digit percentages. Business capture way more upside than we do.
53.
by rbres 9y ago
True. But it's zero fraud from your perspective as a business. You also have full control over false positives: - First, we put txn's through several layers to ensure the highest rates of order approvals. If our algorithm is about
54.
by rbres 9y ago
Here are some case studies to prove it: https://bolt.com/case-studies Many of our clients switched from top-tier fraud detection providers and saw significant lift in order approvals with Bolt. More case studies on the way.
55.
by rbres 9y ago
Spot on.
56.
by rbres 9y ago
Not exactly. Friendly fraud is when a customer is a clear bad actor and, even though they receive the goods/services, they claim they didn't. Merchant-fault is typically behind many of the non-friendly-fraud and non-stolen-card-fr
57.
by rbres 9y ago
Makes sense. And yea thanks, the site auto-redirects to HTTPS.
58.
by rbres 9y ago
We never auto-reject, and we already do human review. Forgot to mention that. At the bottom of https://bolt.com/fraud "MACHINE POWERED, HUMAN REVIEWED" "Everything we do at Bolt is tailored to maximize your o
59.
by rbres 9y ago
Good question. Addressed that here: https://news.ycombinator.com/item?id=16216455 Our top focus is order approval lift. Zero fraud is cool and all (and makes for a good posting title) but is really just an assurance that yo
60.
by rbres 9y ago
Right now, we don't cover friendly fraud. The reason is that it's largely out of our control. We can't control how well merchants communicate with clients, how fast/reliably they ship, etc. So if we covered it, it lowers

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