(no title)
epa
|
9 months ago
One of the main issues with the margin business model (Profit of 5% of a payment for example) is that fraud is leveraged. This means that when you lose 100% of a transaction due to a chargeback or fraud loss, it takes you 20 non-fraud loss transactions to make up for it. The fraud leverage is a huge issue for platforms like this, and in certain countries half the transactions can be fraudsters.
mvdtnz|9 months ago