rbres

9 ms·

61.
by rbres 9y ago
Here's why we exist: https://bolt.com/case-studies
62.
by rbres 9y ago
Most fraud detection systems rely on blocking rules. So they'd detect a VPN/Tor and combined with an international order, it'd be an almost guaranteed block. We'd factor this in, and it may be negative, but if the other
63.
by rbres 9y ago
Absolutely, more than happy to :-) Amazon is currently able to invest $100M's and 100s of engineers into perfecting the checkout experience. There are actually hundreds of things you can do to optimize checkout. Here's one study:
64.
by rbres 9y ago
It's pretty insane. Empirically, you'd rather let several fraudsters through in order to not trap a good customer (because of their customer lifetime value, brand value, etc). However, the industry does the opposite. They'll
65.
by rbres 9y ago
Good question. Definitely need to add to the site. You can accept a credit card from anywhere in the world. We also support 50+ localized currencies. However, we can only settle to a US/Canadian bank account. We can do an instant trans
66.
by rbres 9y ago
Thanks brod! Main differences: - Stripe = APIs to build your own payment stack. - Bolt = fully out of the box payments stack. Checkout that doesn't only do payments but also shipping/tax/user-auth. Also w/ 100% fraud cov
67.
by rbres 9y ago
Exactly :-) We're here to compete on revenue lift + value-add. If we do not generate significantly more revenue than we charge, our customers turn us off.
68.
by rbres 9y ago
Kind words are always appreciated :-)
69.
by rbres 9y ago
You can accept credit cards anywhere in the world, in 50+ different currencies. However, for now, settlement only to a US or Canadian bank account. We can do an instant transfer from a US/Canadian bank to an intlt account, but if you w
70.
by rbres 9y ago
And if you provide us a quote for that rate, we'll 100% match it. We can go as low as anyone else, and are trying to avoid the insanity of negotiating processing rates.
71.
by rbres 9y ago
++ exactly right - Collect as much as possible - Figure out what features are worthwhile - Focus on those features Our competitors have an extremely narrow lens into all the data around a transaction. We've found things that they'
72.
by rbres 9y ago
Good question. It was actually pretty insane. In payments, the MVP bar is high and we built like 4 companies in one (payment processor, fraud detection co, checkout platform, + more). So we had to raise a bunch, hire world-class people, and
73.
by rbres 9y ago
Bolt.com has a huge history, including video-sharing that may have gotten it on those types of lists several years back. We've had it for close to 3 years though.
74.
by rbres 9y ago
Sure. Our fee ranges anywhere from a fraction of a percent to a couple percentage points. Companies selling $100k diamond jewelry (of which we have several) vs companies selling $100 bikes have different levels of risk. Most importantly, we
75.
by rbres 9y ago
Definitely. Valuable feedback, and much appreciated.
76.
by rbres 9y ago
Appreciate it. More to be published on the site, and welcome any and all feedback.
77.
by rbres 9y ago
That's the starting processing rate for any major processor: - https://www.braintreepayments.com/braintree-pricing - https://stripe.com/us/pricing All of our clients (typically larger businesses)
78.
by rbres 9y ago
Chargebacks have detailed reason codes which we programmatically sort. We also have a fraud analyst team that sorts through the non-fraud chargebacks to verify that they're not fraud related (some are mis-categorized by banks) before p
79.
by rbres 9y ago
We recently rolled all clients to the full offering. A couple legacy clients don't have the 100% fraud coverage, thus keeping it in the terms. But if you sign up with Bolt from this point forward, it bakes in the 100% fraud indemnifica
80.
by rbres 9y ago
Just launched a couple hours ago. Thanks for the find, and I agree fully with the sentiment. Docs are now fully public: https://docs.bolt.com/ Pricing varies depending on volume, risk, and a number of different factors give
81.
by rbres 9y ago
That's correct. Today, merchants are on the line for any fraud that they incur. When you call your bank to report fraudulent activity, the merchant is out the goods + has to pay fees/fines + has to return the money + deals with pa
82.
by rbres 9y ago
CEO of Bolt here. We'll be writing more about this in the future. In short, our fraud detection is really really good (although not perfect). However, the fraud that ends up making it through the pipeline is so minimal that we cover it
83.
by rbres 9y ago
Bolt is hiring! Onsite | San Francisco | VISA ok . We are building a better online payments stack and are growing fast. Actively hiring for 10+ roles: - Fullstack / Backend Engineer (Using Go and React although prior experience therein
84.
by rbres 9y ago
Bolt | Onsite | San Francisco | VISA ok We are building a better online payments stack and are growing fast. Actively hiring for 10+ roles: - Fullstack / Backend Engineer (Using Go and React although prior experience therein is not req
85.
by rbres 9y ago
Bolt | Software Engineers, Sales | San Francisco, CA | Full-time, ONSITE . We've redesigned the online payments stack from the ground up, making online commerce simpler and more powerful for businesses. Culture filters: - We work hard
86.
by rbres 10y ago
Bolt | San Francisco - Build the future of online transactions - Work with the best: https://bolt.com/team - Job descriptions here: https://bolt.com/jobs - Hiring across the stack! Backend, frontend, infras
87.
by rbres 10y ago
Bolt | San Francisco - Build the future of online transactions - Work with the best: https://bolt.com/team - Job descriptions here: https://bolt.com/jobs - Backend, frontend, infrastructure, and security en
88.
by rbres 10y ago
Bolt | San Francisco - A brand new online payments stack - Work with the best: https://bolt.com/team - Job descriptions here: https://bolt.com/jobs - Backend, frontend, infrastructure, and security engineer
89.
by rbres 10y ago
Bolt | San Francisco - A brand new online payments stack - Work with the best: https://bolt.com/team - Job descriptions here: https://bolt.com/jobs - Backend, frontend, infrastructure, and security engineer
90.
by rbres 10y ago
Bolt | San Francisco - Uproot the ancient payments stack and work with the best: https://bolt.com/team - Job descriptions here: https://bolt.com/jobs - Backend, frontend, infrastructure, and security engine

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