WePay (YC S09) Launches WePay Clear, a Stripe Competitor with Fraud Protection

Re:WePay (YC S09) Launches WePay Clear, a Stripe Competitor ... by jcampbell1 on Wednesday October 08, 2014 @11:21AM (#8427346)

Fraud protection is an odd marketing angle.

The merchant bank is the one that gets hosed due to fraud, so anti fraud technology helps Stripe, Paypal, WePay, etc. WePay is marketing that they are very good at not screwing themselves.

There are clients that care about anti-fraud, such as ecommerce companies that ship high value electronics, but WePay has no experience in this category.

The crowd funding space has fraud issues as it is a method for turning stolen cards into cash, but reversing a pledge is a lot easier than un-shipping an xbox.

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Re:WePay (YC S09) Launches WePay Clear, a Stripe Competitor ... by scottefein12 on Wednesday October 08, 2014 @11:30AM (#8427413)

As Bill makes clear-WePay Clear isn't about fraud protection-we've always been managing risk. It's offering fraud protection, risk mitigation with a white label payments platform-that's a first in payments.

WePay specializes in two-sided applications-where you have buyers and sellers and you're moving money between them. There's a lot more to fraud than a bad credit card. See my other post RE: fraud.

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Re:WePay (YC S09) Launches WePay Clear, a Stripe Competitor ... by jcampbell1 on Wednesday October 08, 2014 @11:40AM (#8427479)

I think I get it. I could build my own with Authorize.net, then I'd get screwed by fraud. I can go with PayPal, and get fraud protection, but my customers will be bombarded with stupid "Bill Me Later" bullshit, gateway pages and duplicated emails. I should choose WePay because I get fraud protection and white label.

Makes sense.

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