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by Meekro
2568 days ago
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Have you looked into 3D secure? Stripe already offers it[1], no fees, and it mitigates liability quite a bit. Lots of business owners here probably can't use it because they do recurring billing, but it sounds like it'd be perfect for you. "Should a 3D Secure payment be disputed as fraudulent by the cardholder, the liability shifts from you to the card issuer. These types of disputes are handled internally, do not appear in the Dashboard, and do not result in funds being withdrawn from your Stripe account." [1] https://stripe.com/docs/payments/3d-secure |
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Just took a look at 3D Sure. My only concern would be the drop in conversions.
I wonder what the typical drop in conversions is with this enabled.
I have a sense it could be high single digits to low double-digits (e.g. 7-11%).
In which case, that would cost quite a bit more.
I did see there is a way to trigger this as needed.
Hmmm...If we could figure out a way to identify high risk individuals in advance, that might mitigate the drop in conversion.
Hmmm... Maybe a fun machine learning side project.