Episode 29

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

Published on: 27th May, 2021

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.

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The Fraudology Podcast is edited & produced by the impressive team at Journey Gurl Productions.

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About the Podcast

Fraudology Podcast with Karisse Hendrick
Join Fraud Fighter Karisse Hendrick twice a week for deep dive interviews and weekly fraud news.
If you work in online fraud prevention, chances are you've caught the "bug". The bug that makes you passionate about identifying & preventing cybercriminals from getting away with stealing from your company, or your client's companies. Most people who have made cyber-fraud their career have the perfect balance of analytical and social skills, a strong sense of justice and the curiosity that will drive you to go down every path of information until you "crack the case".

Just like sociology is the study of social behavior, and psychology is the study of human behavior, Fraudology is the science and study of fraud.

On the Fraudology podcast, long-time online fraud expert, Karisse Hendrick will dive into all areas of Fraudology from the perspective of a fraud-fighter. With guests ranging from former cybercriminals to fraud-fighters at Fortune 500 companies to law enforcement and others, you will no doubt be entertained, while learning a lot about fraud & other forms of abuse prevention!

Subscribe to be alerted when a new episode is out and please rate & review where you can, to help others find this new & unique podcast!

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Karisse Hendrick