Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 81

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 81
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 methods, including online payments with credit cards and debit cards issued by major banks, payments
made with gift cards processed by third-party providers and payment through third-party online payment platforms such as PayPal, Stripe,
Afterpay, and Apple Pay. Triller also relies on third parties to provide payment processing services. For certain payment methods, including
credit and debit cards, Triller pays interchange and other fees, which may increase over time and raise its operating costs and lower
its profit margins. Triller may also be subject to fraud and other illegal activities in connection with the various payment methods Triller
offers, including online payment options and gift cards. Transactions on Triller’s Technology Platform and mobile applications are
“card-not-present” transactions, so they present a greater risk of fraud. Criminals are using increasingly sophisticated methods
to engage in illegal activities such as unauthorized use of credit or debit cards and bank account information. Requirements relating
to consumer authentication and fraud detection with respect to online sales are complex. Triller may ultimately be held liable for the
unauthorized use of a cardholder’s card number in an illegal activity and be required by card issuers to pay charge-back fees. Charge-backs
result not only in Triller’s loss of fees earned with respect to the payment, but also leave Triller liable for the underlying money
transfer amount. If Triller’s charge-back rate becomes excessive, card associations also may require Triller to pay fines or refuse
to process Triller’s transactions. In addition, Triller may be subject to additional fraud risk if third-party service providers
or its employees fraudulently use consumer information for their own gain or facilitate the fraudulent use of such information. Overall,
Triller may have little recourse if it processes a criminally fraudulent transaction.

Triller or a third party
may experience a data security breach involving credit card information and when this occurs, affected cardholders will often cancel their
credit cards. In the case of a breach experienced by a third party, the more sizable the third party’s customer base and the greater
the number of credit card accounts impacted, the more likely it is that Triller’s users would be impacted by such a breach. To the
extent Triller’s users are ever affected by such a breach experienced by Triller or a third party, affected users would need to
be contacted to obtain new credit card information and process any pending transactions. It is likely that Triller would not be able to
reach all affected users, and even if Triller could