News for hackers. Stuff that matters.

A comment on WePay (YC S09) Launches WePay Clear, a Stripe Competitor with Fraud Protection. Parent comment

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.

[ Parent | on HN ]
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.

[ Parent | on HN ]