FRAUD PROTECT FOR SHOPIFY PAYMENTS
Avoid stress and save time with Shopify Payments' new fraud protection feature.
Whether you're just starting out in the e-commerce world or an expert for years, reviewing orders to detect traces of fraud is a hassle and means investing a lot of time. Refunds can have a serious impact on your business and hinder growth and success. On May 8, 2018, Shopify announced the launch of the new fraud protection feature for Shopify payments. The feature is now available, so consider activating it as soon as possible to protect your store.
HOW DOES FRAUD PROTECTION WORK?
How many of you have cancelled a legitimate order on suspicion of fraud? Shopify Fraud Protect work to eliminate that uncertainty and will help you feel more comfortable. Once you have activated Fraud Protection in your Shopify store, Shopify will analyze each eligible order for fraud, providing a protection decision. Using Fraud Protect, you can forget to manually review orders. Fraud Protect helps streamline the entire compliance process for your business. Stores using the new feature can confidently fulfill all protected orders without having to check each and every case of suspected fraud. WHAT ARE THE FEES? Merchants will be charged a small fee for each protected order. If a protected order incurs a chargeback, rest assured that Shopify will not only handle the dispute but will also automatically refund the order amount and fee. SPEND LESS TIME FIGHTING FRAUD AND FOCUSING ON GROWING YOUR STORE Using Fraud Protect, you can sell with peace of mind knowing that your online sales are safe. And you'll have more time to invest in the growth of your online store. For more information on using Shopify payments and everything related to Shopify, talk to us. We are Shopify experts.