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Stripe is friendly to “friendly fraud”

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Re: Stripe is friendly to “friendly fraud”

#51

Post by shimman »

Cider9986 wrote: post #31
zuzululu wrote: post #28

My suggestion is to just ban specific regions or countries and you can cut 80% of this fraud. I'm not going to name those countries outright but you should never ever be launching globally until you have these safeguards in place. Once you are known to be vulnerable to a certain scheme, it quickly becomes known in that region/country. Again and again I'm reminded why high trust societies remain high trust and why low…

Accept crypto for those countries, it doesn't have chargebacks and helps those vulnerable to the financial system.

Man people are still using the "it's a currency" grift when discussing crypto, did the El Salvador failure really teach you nothing?

https://en.wikipedia.org/wiki/Bitcoin_in_El_Salvador

Re: Stripe is friendly to “friendly fraud”

#52

Post by OneDeuxTriSeiGo »

zuzululu wrote: post #28

My suggestion is to just ban specific regions or countries and you can cut 80% of this fraud. I'm not going to name those countries outright but you should never ever be launching globally until you have these safeguards in place. Once you are known to be vulnerable to a certain scheme, it quickly becomes known in that region/country. Again and again I'm reminded why high trust societies remain high trust and why low…

[flagged]

Re: Stripe is friendly to “friendly fraud”

#53

Post by SpicyLemonZest »

AnthonyMouse wrote: post #43
SpicyLemonZest wrote: post #21

Earlier quoted context omitted.

I don't know this is the reason, but if I were asked to build such a system, I'd be pretty worried that it constitutes a consumer report under the terms of the Fair Credit Reporting Act. Certainly I wouldn't want the inevitable news drama about it. "I'm just a poor innocent grandma, I'm a trusting person when it comes to Facebook ads, and Stripe punished me for getting scammed by banning me from half the stores on th…

If your card is actually stolen then you should have the card number changed to prevent additional fraud and then the disputes would be against the old card number rather than the new one, right?

If your card is stolen you should, but not necessarily if you fall for a Facebook ad that ships you a pile of rocks or a paper photo of the product you thought you bought.

Re: Stripe is friendly to “friendly fraud”

#56

Post by wildzzz »

ios-contractor wrote: post #11

To be fair, from stripe's point of view, how would they know that you and the alleged customer are not in on it for some reason they don't know?

What would be there to gain? The merchant loses money to the credit card processing fees, chargeback fees, and shipping cost along with the loss of the product, they gain nothing. Its a pretty expensive way to send a customer a free thing.

Re: Stripe is friendly to “friendly fraud”

#60

Post by wildzzz »

Cider9986 wrote: post #33
dentemple wrote: post #3

Then what are the better alternatives?

Monero or honestly any crypto. There's no chargebacks and it can be more private.

That's fine for some things but my grandma is not going to buy from an online store that only takes crypto. Crypto as a payment option works well for computer-related merchants or for privacy-focused merchants. Like it wouldn't be uncommon to rent a VPS with crypto but it would be strange for an online candy store to accept it.
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