4.99. It's back!
This week, 300 Opendoor homes will carry a 4.99% rate on a 5/6 ARM for qualified buyers, as part of Opendoor Drops. We will have a new set of homes every Thursday!
https://t.co/T8p5wOc6pp
We get a lot of questions about why Shopify Payments are disabled after risk reviews, so I want to be direct about what we do, why we do it, and what the data shows.
We often hear "My chargeback rate is only X… why is Shopify acting on my store?"
While chargeback rates are one signal, fake reviews, buried subscription terms, products that never arrive – these are just a few of the other signals that trigger action. When buyers have to dispute a transaction from a merchant because they never shipped a product or the product was different from what was promised, the trust degrades in all independent businesses on Shopify.
We also closely look at when we get this wrong: 99.9% of merchants in good standing have never experienced a wrongful termination or rejection. In the rare cases we get it wrong, there is a defined escalation path, and we have invested in making it faster, more transparent, and more self-serve.
This is what it means to build a platform merchants and their buyers can trust. 👇
Toronto Major Crime Indicators on the rise: Should we be worried?
I was having an interesting conversation with a friend and we wondered if it's just normalizing to pre-pandemic level or if it is actually increasing. So I decided to dig in 🧵
Wait - this actually gets worse in 2023. Looking at Year To Date (YTD) numbers only, the crime is up 37.7% YoY. Comparing before and after the pandemic, we still see a 11.4% increase in the major crime indicator (MCI).