31–40 of 280 posts
Earlier quoted context omitted.
I’ve seen verified by visa triggered a few times for online purchases
... Which is hell if you're in a country where your sim card doesn't work and your bank requires sms 2fa.
What was most surprising about this is not the fact that there is a group of people exploiting Stripe’s payments, but that the author had ChatGPT write a script to automatically handle payments processing, specifically for chargebacks. And based on the context in the article, the author sounds like they lacked the technical skill to write or validate these scripts themselves. This author is jumping out of the frying…
I wouldn't say I lack technical expertise in this area, I'm just trying to use my time as efficiently as possible.
What was most surprising about this is not the fact that there is a group of people exploiting Stripe’s payments, but that the author had ChatGPT write a script to automatically handle payments processing, specifically for chargebacks. And based on the context in the article, the author sounds like they lacked the technical skill to write or validate these scripts themselves. This author is jumping out of the frying…
From my understanding, it also seems that the author submitted a Stripe API key alongside the prompt to create the scripts. This is pretty much a big security no no regardless of the permissions of the key.
Re: Chargeback fees - Visa acquired a company called Verifi a few years back. Their new products are Rapid Dispute Resolution (RDR) and Order Insight. RDR effectively lets you automatically refund a transaction before it gets turned into a chargeback and Visa charges a $4 fee (Assuming your MCC code is not high risk). Order insight lets you provide certain data about a questioned charge immediately and if the custome…
Do you handle this for Mastercard in any way? I've heard of Ethoca (they are really good at SEO), it seems quite similar to Verifi.
Earlier quoted context omitted.
I’ve seen verified by visa triggered a few times for online purchases
... Which is hell if you're in a country where your sim card doesn't work and your bank requires sms 2fa.
What was most surprising about this is not the fact that there is a group of people exploiting Stripe’s payments, but that the author had ChatGPT write a script to automatically handle payments processing, specifically for chargebacks. And based on the context in the article, the author sounds like they lacked the technical skill to write or validate these scripts themselves. This author is jumping out of the frying…
> I created a restricted key in Stripe with lowest possible permissions, and prompted ChatGPT to create a script to accept the chargebacks. From my understanding, it also seems that the author submitted a Stripe API key alongside the prompt to create the scripts. This is pretty much a big security no no regardless of the permissions of the key.
Why does the US still accept hand-typed cards? My friend had a USB smartcard reader in like 2001. He'd dip his AmEx to perform a transaction on his PC. It's twenty years later and the industry still hasn't caught up? What's different about Europe that they seem to have figured this out decades ago?
Probably helps maintain dollar hedgemony by allowing a wider swath of the global population (criminals, poor people) to use the system unencumbered.
"Hedgemony" is a war game focused on connecting policy and strategy. https://www.usmcu.edu/Outreach/Marine-Corps-University-Press...
If you are a foreign company accepting payments from the USA, you should simply expect this as a cost of doing business. Credit card fraud here is socialized. The end consumer is never liable, and so we don't bother with chip and pin, 2FA, 3D secure or whatever else. If we notice a suspicious transaction we simply tap a button in the bank's app and the charge is reversed in minutes. Banks and payments processors are…
I'm not sure how much extra I pay but the hassle free peace of mind I have seems worth it.
I find the effort of remembering the 4 digit code/having the phone much smaller than the alternative ...
Re: Chargeback fees - Visa acquired a company called Verifi a few years back. Their new products are Rapid Dispute Resolution (RDR) and Order Insight. RDR effectively lets you automatically refund a transaction before it gets turned into a chargeback and Visa charges a $4 fee (Assuming your MCC code is not high risk). Order insight lets you provide certain data about a questioned charge immediately and if the custome…
Article author here. Really valuable stuff, thanks for sharing! Do you handle this for Mastercard in any way? I've heard of Ethoca (they are really good at SEO), it seems quite similar to Verifi.