038 - The $5,000 Scam and What Happens After You Click Pay — Featuring Victor Popovics
What really happens when you click that checkout button? And what happens when a business gets paid, ships the product, and then the money disappears?
This week on Logging In, Kali and Techie welcome special guest Victor Popovics, an entrepreneur with over 20 years of experience in e-commerce and the founder of Avendo, a financial technology company looking to change how businesses process credit card payments.
Victor takes us behind the scenes of something we all do without thinking twice. Whether you’re shopping on Amazon or running your own business, there’s a lot happening between clicking pay and seeing that payment approved.
But things get especially interesting when Victor shares how his business lost $5,000 in a fraudulent transaction. The merchandise was shipped, the bank took the money back, and the business was left with nothing.
The conversation also gets into hidden processing fees, why small businesses don’t always get the best rates, how payment security works, the differences between credit cards and Zelle, and why switching payment processors isn’t always as simple as it sounds.
Victor also introduces Avendo and explains how his company is working to bring competition between payment processors to individual transactions.
It’s a side of online shopping most of us never see, but one that affects nearly every purchase we make.
We are not endorsing Avendo or its services, and we were not paid for this interview. The conversation is intended for informational purposes only.
Featuring Victor Popovics of Avendo
Website: https://avendo.tech
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