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Braid is dead, long live Braid

amandapeyton.com

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Re: Braid is dead, long live Braid

#2

Post by dylan604 »

I can some what sympathize with part of what it sounds like here getting crushed by people committing credit card fraud. I had a small little company online in the early day's of the interweb's online payments. We had a very niche retail site, and for a few months we were increasing sales month-to-month. We'd get sales, the merchant company would approve them, and we'd ship out the product. Right up until the point where we got hit with enough fraudulent sales in what had to have been a coordinated effort that it killed us. The card numbers used were stolen, and we got hit with a massive amount of charge backs. Except, now we're out the inventory and no money to restock. It was the end of the retail side of us. To this day, I still have some sort of PTSD from that experience. I have a new site being worked on integrating with a popular modern card processing company. I am terrified to let the site go live and get hit with fraudulent charges again. I am on the fence of not even allowing for sales through the website.

Re: Braid is dead, long live Braid

#3

Post by sneak »

dylan604 wrote: post #2

I can some what sympathize with part of what it sounds like here getting crushed by people committing credit card fraud. I had a small little company online in the early day's of the interweb's online payments. We had a very niche retail site, and for a few months we were increasing sales month-to-month. We'd get sales, the merchant company would approve them, and we'd ship out the product. Right up until the point w…

If only there were some good and fast internet payment mechanism without middlemen or gatekeepers, where the person getting paid could be immediately 100% sure that they were in possession of the money.

Maybe someone will invent it one day.

Re: Braid is dead, long live Braid

#5

Post by nrp »

dylan604 wrote: post #2

I can some what sympathize with part of what it sounds like here getting crushed by people committing credit card fraud. I had a small little company online in the early day's of the interweb's online payments. We had a very niche retail site, and for a few months we were increasing sales month-to-month. We'd get sales, the merchant company would approve them, and we'd ship out the product. Right up until the point w…

We’ve had good experience using Stripe with extremely aggressive Stripe Radar settings, and using a manual review queue to avoid false positives. We also don’t enable payment methods that automatically accept disputes (e.g. SEPA Direct Debit).

Re: Braid is dead, long live Braid

#6

Post by CJefferson »

sneak wrote: post #3
dylan604 wrote: post #2

I can some what sympathize with part of what it sounds like here getting crushed by people committing credit card fraud. I had a small little company online in the early day's of the interweb's online payments. We had a very niche retail site, and for a few months we were increasing sales month-to-month. We'd get sales, the merchant company would approve them, and we'd ship out the product. Right up until the point w…

If only there were some good and fast internet payment mechanism without middlemen or gatekeepers, where the person getting paid could be immediately 100% sure that they were in possession of the money. Maybe someone will invent it one day.

The problem is that would have the opposite problem, that purchases made with stolen cards were 100% unrecoverable. While im sure we can improve things, the fact that the current system favors individual people, rather than businesses, is intentional, not an accident.

Re: Braid is dead, long live Braid

#9

Post by dylan604 »

nrp wrote: post #5
dylan604 wrote: post #2

I can some what sympathize with part of what it sounds like here getting crushed by people committing credit card fraud. I had a small little company online in the early day's of the interweb's online payments. We had a very niche retail site, and for a few months we were increasing sales month-to-month. We'd get sales, the merchant company would approve them, and we'd ship out the product. Right up until the point w…

We’ve had good experience using Stripe with extremely aggressive Stripe Radar settings, and using a manual review queue to avoid false positives. We also don’t enable payment methods that automatically accept disputes (e.g. SEPA Direct Debit).

Stripe is who I'm playing with now, but I just do not like having to include their JS library on every page just to use their fraud detection.
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