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8 Comments

Validation: Service to combat credit card fraud

Is credit card fraud a problem for you?

I am thinking of creating a service to combat credit card fraud - based off something I built years back.

Would you pay for something like this? It will probably be a quick and easy script to include as part of your site.

on January 2, 2020
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    This "validation" thing is out of control.

    If you'd do market research, you'd know that credit card fraud prevention is a major industry, so the problem is real and the market need is significant.

    Asking a small sample of people super vague question "would you pay for fraud prevention" without any details is more useless than tits on a bull.

    The actual things you should validate are that (i) you can reach a sufficiently large target segment in a cost efficient way and (ii) they are even remotely interested in your indie shop solution, considering the risk of handing you credit card info, with your planned pricing, and against competition from incumbent solutions.

  2. 1

    We definitely need this service to combat scammers! Because credit card fraud is a problem for me. And I am ready to pay for something like this, for this quick and easy script. I face the credit card fraud twice. I followed all security tips like two step authentication, long password, reputable anti-virus softwares, trustable websites. But this damn carders managed to hack my credit cards and steal my money. I started studying carding on the site https://mydarkreviews.com/western-union-carding/ and I was very surprised how easy it's to steal a user's credit card details and steal their money. So, I definitely need something that can protect my money from fraudsters.

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    How about PCI compliance? What data would you'd receive?

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      I would use the customers behaviour to determine if it's likely that he/she is a fraud risk. So I wouldn't be capturing personal or financial informational at all.

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    I would not pay something like that as my bank is giving me all the necessary insurance. If anything happens, they will cover me.

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      Thanks for your feedback!

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    This comment was deleted 7 years ago