FraudLabs Pro helps merchants to protect their online e-commerce stores from malicious fraudsters. It screens all sales orders transacted using credit cards, PayPal, and so on for online frauds (also known as payment frauds or CNP frauds). As a result, it helps merchant to increase their revenues and reduce chargebacks or fraud losses. It also improves operation efficiency by providing merchants a simple yet intuitive portal for merchants to easily investigate all fraud details, which could have been a complicated process without using fraud detection tool.
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Signifyd might be a bit more popular than FraudLabs Pro. We know about 1 link to it since March 2021 and only 1 link to FraudLabs Pro. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.
Instead of reviewing every order manually, a fraud detection API might be useful as it can screen all orders automatically with machine learning and a blacklist algorithm. Source: almost 2 years ago
There are third party solutions to fraud that actually work, providing chargeback insurance. Essentially, they screen transactions; if any approved transactions are chargebacked, they refund you. A good start point is https://signifyd.com We dropped in this solution on our e-commerce about 5 years ago; fraud has been a non existent problem. - Source: Hacker News / over 1 year ago
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