EP29: Is BNPL creating a "side door" for online fraud?

Buy Now, Pay Later is becoming a popular payment method for online shoppers in several geographies all over the world. While it is responsible for attracting more consumers, (especially Millenials & Gen-Z consumers) is it also responsible for attracting a new type of fraud? And if you're a merchant accepting a BNPL payment method on your site, but the BNPL takes all liability for any fraudulent transactions, should you still be screening those orders? Or do you turn a blind eye because it won't be your company's financial loss if a stolen card was used to pay the BNPL in installments? In this episode, Karisse will provide an overview of the BNPL landscape, primarily from the perspective of an online merchant. She will also share the fraud issues and concerns that merchants already accepting some of these payment methods are seeing, and how it is still impacting their business' bottom line, even without liability on the BNPL transactions. Karisse will also talk about the importance of fully understanding the terms of these agreements, among other important tips to consider. To be notified when new episodes of the Fraudology podcast are released, subscribe to this podcast on your favorite podcast platform. And if you enjoyed this podcast, please rate and/or review the podcast to help others discover it! The Fraudology Podcast is edited & produced by the impressive team at Journey Gurl Productions.Mentioned in this episode:2023-q4-preroll sardine 12023-q4-postroll sardine 1