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Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from External Customers by Geographic Areas
The following table summarizes revenue by region in which our merchants’ headquarters are located:
Year Ended December 31,
202320222021
AmountPercentage of RevenueAmountPercentage of RevenueAmountPercentage of Revenue
(in thousands, except where indicated)
United States$182,806 61 %$163,920 63 %$163,681 71 %
Europe, the Middle East and Africa (“EMEA”)*80,547 27 71,443 27 44,850 20 
Asia-Pacific (“APAC”)16,699 6 12,005 5 7,416 3 
Americas17,558 6 13,879 5 13,194 6 
Total revenue$297,610 100 %$261,247 100 %$229,141 100 %
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*Revenue recognized from merchants whose headquarters are in Israel, which is our country of domicile, was $1.3 million, $3.3 million, and $2.4 million for the years ended December 31, 2023, 2022, and 2021, respectively.
Disaggregation of Revenue
The following table summarizes revenue based on the nature and type of service provided to our merchants:
Year Ended December 31,
202320222021
AmountPercentage of RevenueAmountPercentage of RevenueAmountPercentage of Revenue
(in thousands, except where indicated)
Fraud review service revenue (ASC 606)$167,278 56 %$156,040 60 %$132,261 58 %
Indemnification guarantee service revenue (ASC 460)130,332 44 105,207 40 96,880 42 
Total revenue$297,610 100 %$261,247 100 %$229,141 100 %
Deferred Policy Acquisition Costs
The following table represents a roll-forward of deferred contract acquisition costs:
Year Ended December 31,
202320222021
(in thousands)
Beginning balance$14,383 $10,365 $6,263 
Additions to deferred contract acquisition costs8,894 9,707 7,744 
Amortization of deferred contract acquisition costs(7,715)(5,689)(3,642)
Ending balance$15,562 $14,383 $10,365 
Deferred Contract Fulfillment Costs
The following table represents a roll-forward of deferred contract fulfillment costs that are included within in other assets, noncurrent on the consolidated balance sheets:
Year Ended December 31,
202320222021
(in thousands)
Beginning balance$3,673 $2,930 $2,166 
Additions to deferred contract fulfillment costs2,635 2,189 1,789 
Amortization of deferred contract fulfillment costs(1,852)(1,446)(1,025)
Ending balance$4,456 $3,673 $2,930