Author

Topic: [VIDEO] How StompRomp eliminates payment fraud by using bitcoin (Read 1030 times)

member
Activity: 85
Merit: 10
1h79nc
Nice video! Super smooth payment flow!

I like this quote from the article the best though:
Quote
"We have to spend an hour being a private detective on every international sale," says Josh Harvey. "We need to contact the buyer, ask them who is their employer, what is their address history, what is this purchase for. We need to do our own research to assess the risk whether this is a scam or not. I honestly don't know what we are paying Visa for, when we have to do all the work."
legendary
Activity: 924
Merit: 1004
Firstbits: 1pirata
Alright, keep up the good work guys!
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
Excellent video. I laughed. My guitar gently weeped.
legendary
Activity: 3472
Merit: 4801
. . . and gay
Could you perhaps help me out by explaining in exactly what way is this video engaging in an intimate relationship with another video of the same gender?
legendary
Activity: 1937
Merit: 1001
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
fake and gay
hero member
Activity: 742
Merit: 500
New post is up, with a cool video from StompRomp!

http://uptweet.com/viewStory?id=606

Quote
StompRomp experiences a very common problem called payment fraud, because they sell a high ticket item.  They, and other merchants, are pretty astute at screening for suspicious activity and payment fraud in their retail stores.  They can check for photo ID, they can look at the condition of the card, and they can get a signature.

But when taking a payment over the internet, to try and reach customers outside of New Hampshire, they do not have the same abilities.  And when taking a payment from a foreign country, the risk of fraud is 3-4 times higher than for domestic transactions.
Jump to: