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258 points polyrand | 1 comments | | HN request time: 0.211s | source
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xfour ◴[] No.34490300[source]
Wait, obviously Amazon has their own checkout software. Is this a name recognition play to have AWS come with Stripe batteries included?
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julianlam ◴[] No.34490359[source]
They do, but Stripe may have other advantages that Amazon's home-grown billing does not... fraud detection comes to mind.
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Hermitian909 ◴[] No.34490382[source]
Stripe's superior fraud detection is an open secret in FinTech. There are apparently a lot of large companies with their own payment rails that route riskier looking payments (e.g. a new account who you haven't yet settled a transaction with) through Stripe for this reason.
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habitue ◴[] No.34490577[source]
which probably makes stripe's job even harder, because now there's adverse selection
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1. BurningFrog ◴[] No.34490686[source]
You can charge extra per detected fraud.