integrate fraud prevention API services to protect businesses against financial losses by detecting and preventing fraudulent activity. Whether it’s suspicious payments, account takeover, credit card fraud or identity theft, these services prevent bad actors by leveraging advanced machine learning algorithms to analyze data and identify patterns that may indicate malicious behavior.

In addition to Stripe’s built-in tools for monitoring and identifying anomalies, we also support integration with a wide range of third-party fraud detection and prevention tools, providing you the flexibility to choose the solution that best fits your business needs. This allows you to augment Stripe’s built-in capabilities with specialized solutions as needed, without interrupting the transaction process or slowing down your business.

When to Use a Fraud Prevention Tool

The best time to use a fraud prevention tool is when a user takes an important step in your product or service journey. This could be completing a purchase, signing up for an account, logging into an existing account or submitting their details to access sensitive information on your website. A fraud detection API will analyze the user’s digital footprint and deliver a risk score to inform your decision. This will help you to detect and mitigate issues such as fake accounts, fraudulent payments, chargebacks, bad users, account takeover (ATO) and bots. This will free up resources for you to focus on your term and bring in more customers. Ultimately, this will save you money on chargeback fees, refunds and other issues that would otherwise reduce your ROI.