It's pretty insane.

Empirically, you'd rather let several fraudsters through in order to not trap a good customer (because of their customer lifetime value, brand value, etc).

However, the industry does the opposite. They'll reject 3 good customers to catch 1 fraudster. It's really bad.

Every switch to Bolt has seen a 1%-20% lift in order approval rates (while guaranteeing zero fraud) because of our unique data engine and data visibility. Huge reason why companies are switching to Bolt.