v3.19.3
ACCRUED TRANSACTION LOSSES
 9 Months Ended
Sep. 30, 2019
Product Warranties Disclosures [Abstract]  
ACCRUED TRANSACTION LOSSES ACCRUED TRANSACTION LOSSES
The Company is exposed to transaction losses due to chargebacks as a result of fraud or uncollectibility.
The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands):
    
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Accrued transaction losses, beginning of the period
$
39,630

 
$
29,207

 
$
33,682

 
$
26,893

Provision for transaction losses
18,225

 
20,449

 
60,223

 
48,794

Charge-offs to accrued transaction losses
(20,436
)
 
(14,324
)
 
(56,486
)
 
(40,355
)
Accrued transaction losses, end of the period
$
37,419

 
$
35,332

 
$
37,419

 
$
35,332