101–110 of 154 posts
Was your domain recovered from a phishing site? It's blocked at my university.
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.
Judging from Crunchbase[0], it looks like this company did a pretty interesting pivot: "Bolt is an online payments platform which allows users to make payments through digital currencies such as bitcoin. Bolt wants to give e-commerce retailers a better shot at competing with Amazon." Can anybody at Bolt talk about that transition? Why is there less focus on digital currencies? Any interesting success/failure stories…
We realized crypto's shortcomings in mainstream payments (after a valiant year long quest) when we also had an aha-moment about how to re-engineer traditional online payments. Thus, the Bolt you see today.
News on crypto for online payments to come :-)
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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) provide proof of lower rates with their existing processors and get those rates 100% matched. We do not negotiate processing, we just match the industry.
No, it isn't? Those are the prices for two providers that aren't even close to lowest-cost providers in the space. They compete on service, not price. I can get .9 to 2.0% (depending on the industry of my business) off the shelf from at least 6+ sources. And that's before any interchange rebate programs, volume discounts, or specially negotiated interchange waivers past a certain fee per quarter.
If you're big enough you do interchange plus pricing where the interchange is passed through and small processing fee is added. Blended rates are for small companies.
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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) provide proof of lower rates with their existing processors and get those rates 100% matched. We do not negotiate processing, we just match the industry.
No, it isn't? Those are the prices for two providers that aren't even close to lowest-cost providers in the space. They compete on service, not price. I can get .9 to 2.0% (depending on the industry of my business) off the shelf from at least 6+ sources. And that's before any interchange rebate programs, volume discounts, or specially negotiated interchange waivers past a certain fee per quarter.
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No, it isn't? Those are the prices for two providers that aren't even close to lowest-cost providers in the space. They compete on service, not price. I can get .9 to 2.0% (depending on the industry of my business) off the shelf from at least 6+ sources. And that's before any interchange rebate programs, volume discounts, or specially negotiated interchange waivers past a certain fee per quarter.
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.
Does anyone know how this guarantees exactly zero fraud? The page just tells you to book a demo.
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 fully. So, for a small fee as an online business you never have to pay for / deal with fraudulent chargebacks again. There are other companies that do this, but none of them also do pa…
You're contradicting yourself when you also say that you charge $20 for chargebacks.
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I don't think this is the type of thing they can really elaborate on for obvious reasons. But the genuine holder is probably going to be blocked when they start throwing flags like that, and that's probably just standard everywhere with any type of automated fraud protection.
Well, it's a pretty basic question. In both cases the vast majority of their 200 variables will look the same. The only differences will be in the IP and latency data and, possibly, the time zone/locale information if a fraudster is not being careful. Point being is that differentiating these two cases comes down to analyzing just few bits of data, so I'm not sure why they are using "200 points" as a selling point.
I also wouldn't expect them to detail all their fraud prevention techniques in a public forum.
IMO this is a really interesting idea! Since they are also the payment processor, they have access to more data for fraud prevention, so much so that fraud "insurance" is basically baked into the rate.
Increased efficiency through data analysis, and they are passing the savings on to yoooouuuu!
This could be a paradigm shift. Very cool. The docs look good, AND it works in Canada!?! Thank you! Canada is rarely a priority for US fintec companies. Even amazon DevPay doesn't work here last i checked. Sign me up!
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So, you're providing fraud protection to merchants the same way Amex/Discover/Master Card/Visa does to consumers?
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 paperwork overhead. Bolt completely eliminates all of that. We're taking a stand to end fraud and take on all the liability for our clients.
I once had a tracked package marked as delivered, despite the entire neighborhood being cordoned off by police with nobody but residents being allowed in. Despite proof of this, the merchant refused to accept the package was not and could never have been delivered.