Hacker News Reader

Thanks for the feedback and story!

Our recommendation is that most businesses should be prepared to offer a few options for payment or identity verification. In your case, your family member may have been better suited doing something like a drivers license verification or a knowledge-based identification.

View on HN

You're welcome. I been toying around with doing a virtual world, but still far away from doing the economy related stuff. One of my concerns is some teenager might steal their parents credit card and rack up charges, maybe multiple ones. and from my understanding chargebacks are about 30 bucks each. Then I think offering game tokens or gift cards, criminals buy a bunch of gift cards to resell with stolen cards. Then worried about trolls, I was thinking of the idea of charging people to signup but some friends thought that'd hinder growth... Tricky stuff to think about, but can't monetize it yet without the other stuff working yet anyways. Even heard of criminals using charities donation forms to try and verify cards too, pretty shameful since in a way they are stealing from the children or people with cancer the charity is trying to help out since other funds would have to help cover the chargebacks.

Reply on news.ycombinator.com