I find this hugely compelling. Fraud protection is a huge time sync for most e-commerce providers.
Bill - could you please explain some of the fine print? Are all chargebacks covered? Do you provide the ability to select which countries to accept payments from? Thanks so much!
Thanks! We believe that the payments are a commodity, but that good risk management is really valuable.
One important item to note - WePay Clear is built for platforms - services that connect buyers and sellers like online marketplaces, crowdfunding sites & SMB commerce tools. We shield them from fraud losses by underwriting the merchants directly, and taking the losses ourselves when we're wrong.
It is not built for standalone e-commerce merchants to protect them from fraud. We are exploring this for the future, however - you can imagine that a seller using one of our platform partners need protecting too.
You can accept payments from anywhere, as long as it's a Visa, Mastercard, American Express or Discover. Sellers must be based in the U.S. or Canada, though expanding the scope of this is our #1 company priority.
Comments
I find this hugely compelling. Fraud protection is a huge time sync for most e-commerce providers.
Bill - could you please explain some of the fine print? Are all chargebacks covered? Do you provide the ability to select which countries to accept payments from? Thanks so much!
Thanks! We believe that the payments are a commodity, but that good risk management is really valuable.
One important item to note - WePay Clear is built for platforms - services that connect buyers and sellers like online marketplaces, crowdfunding sites & SMB commerce tools. We shield them from fraud losses by underwriting the merchants directly, and taking the losses ourselves when we're wrong.
It is not built for standalone e-commerce merchants to protect them from fraud. We are exploring this for the future, however - you can imagine that a seller using one of our platform partners need protecting too.
You can accept payments from anywhere, as long as it's a Visa, Mastercard, American Express or Discover. Sellers must be based in the U.S. or Canada, though expanding the scope of this is our #1 company priority.
Thanks for the details.
When you offer this fraud guarantee for e-commerce sites, I'll be your first customer.