welter
@fun
):
3 replies
2 recasts
11 reactions
Michael Pfister
@pfista
turn your fraud threshold super low and listen for webhooks for early fraud warning When you get an early fraud notification auto cancel and refund the sub for the customer (and prevent them from buying more) and you won’t run into this as much if at all Otherwise if the bank claws back the money you lose the money plus pay a big fee :/
2 replies
0 recast
12 reactions
Arti Villa
@artivilla.eth
I’m lost. why would the bank claw bk funds?
1 reply
0 recast
0 reaction
Michael Pfister
@pfista
Fraud
1 reply
0 recast
1 reaction
Arti Villa
@artivilla.eth
is the failed txns costing him? have users pay with crypto otherwise. ¯\_(ツ)_/¯
1 reply
0 recast
0 reaction
Michael Pfister
@pfista
Yes, if you’re accepting payments and someone uses a stolen payment method the merchant is almost always the one at risk. Crypto does solve this, but it’s unrealistic to assume a business can just force its customers to only use crypto. Crytpo adoption just isn’t there yet, so if you’re building an online business learning to deal with fraud is a rite of passage
1 reply
0 recast
1 reaction