Re:Ask HN: Nightmares with Stripe?
by saurik on Friday November 30, 2012 @07:52PM
(#4856347)
> (I assume this is the same for other payment processors, not just Stripe.)
AFAIK, this is correct for other systems that allow you to accept a credit card number directly; however, this is not true of all "payment processors": things other than credit cards often have more security that becomes the responsibility of the bank or customer; third-party payment networks also often take this on as "their problem" (as a specific example, Amazon Payments eats chargeback fines under the belief that they are handling fraud issues; PayPal, however, does not, although they do seem to be quite good at the fraud protection angle, so it matters less).
AFAIK, this is correct for other systems that allow you to accept a credit card number directly; however, this is not true of all "payment processors": things other than credit cards often have more security that becomes the responsibility of the bank or customer; third-party payment networks also often take this on as "their problem" (as a specific example, Amazon Payments eats chargeback fines under the belief that they are handling fraud issues; PayPal, however, does not, although they do seem to be quite good at the fraud protection angle, so it matters less).