We are back from Colombia after an enjoyable stay in Cali, and a productive three days at Lalexpo 2018. This year’s show went very smoothly, after a few bumps last year, with attendance continuing to grow every year since our first visit in 2016.
As we mentioned in our pre-show writeup, Segpay’s Jakub Krawczyk participated in a panel discussion on payment developments and trends. Topics included:
Money transfers – Cam merchants are looking for less expensive ways to settle payouts and transfer payments to models and affiliates. Solutions such as Paxum and Payoneer are gaining traction, something Segpay has experienced as well, as we’ve referred a number of merchants to those services in lieu of settlement bank accounts.
Digital/crypto-currencies – A question seemingly on everyone’s mind was when merchants might accept payment, and take payouts, on a large scale via cryptocurrency such as Bitcoin. The short answer: not yet, because regulations haven’t caught up, and the volatility in prices of these currencies makes it difficult to assess their day-to-day value. Full-scale cryptocurrency integration is coming, but for now it’s still premature.
Fraud/Risk management – The industry is much better-equipped today than even a year ago, in terms of fighting fraud. Multiple layers of protection are available, from the latest incarnation of 3D Secure to Segpay’s recently-released Post Pay service. Post Pay allows cam merchants to bundle multiple small payments into one large capture, ensuring that a consumer’s statement appears less confusing/intimidating, and is therefore less likely to wrongly create suspicion resulting in either a refund request or, worse, a chargeback.
We received a lot of great feedback at Lalexpo about Post Pay, and other cam-focused initiatives we have on the horizon. Please email [email protected] to learn more!