Fraud is a huge problem for merchants, and it’s important to have an effective fraud prevention solution in place. Fortunately, Shopify has some built-in features to help you identify fraudulent orders and prevent chargebacks.
Orders can be shopify fraud protection as suspicious in several ways: a different IP address, an order with an unknown shipping destination, or a billing address that’s not in the same area as the customer’s claim to live. To help you spot high-risk orders, Shopify has a built-in fraud analysis that uses machine learning algorithms to flag these types of transactions.
What’s more, there are many apps that can help you manage your fraud risk and protect your store from chargebacks. One of the best is ClearSale, which offers a full fraud management solution that allows you to keep your business running without any worries about fraudulent activity.
In addition to the built-in fraud analysis, Shopify also has several apps that can be used to help you prevent fraud and chargebacks. A popular app is FraudBlock, which uses machine learning to identify and block high-risk orders.
Another great option is NoFraud, which helps protect your store from fraud by verifying the identity of each person making a purchase. The app uses over 50 digital and social signals in real-time to verify a person’s identity.
For a small fee, Fraud Protect helps reduce chargeback risk by covering fraudulent chargebacks on eligible orders. Shopify covers the fees and reimburses the merchant, leaving them with no worry. It’s a great option for small merchants and can help them focus on their business.