Bigpay, to allow users to topup using credit card expose themselves to lots of risk (risk of losing instead of earning).

Absorbing the reload fees is one thing but bigpay will also have to consider the chargeback they receive in the event of users topping up using stolen credit card. I've tested and seems like bigpay will turn on 3ds for every transaction, which they won't be liable for any chargeback losses if credit card holder file a chargeback. If you think that 3ds is secure, you are wrong. If a fraudster manage to obtain your cc number from the black market, they will have the way to bypass 3ds verification.

Now that brings us to the next point which is the chargeback threshold. When you receive an excessive amount of chargeback, VISA/ MASTERCARD will query and fine you. I'm not sure what's the agreement like for bigpay however the fine can be few % of your monthly service usage turnover. Don't forget, for some merchant, each chargeback receive, there will be a chargeback fee regardless whether you win or lose the dispute.

I'm surprise when they allow us to topup without any limit. It's not sustainable. Even if it's 10k limit per month now, I don't think this will last long. Sooner or later, this option will phase out.... Oh btw. I'm from the e-fraud industry.




This post has been edited by foxxy: Jul 26 2018, 06:09 PM