E-commerce stores are on the rise now. All businesses today launch online stores to reach maximum customers and increase their revenue. In fact, online shopping sits pretty well with a large audience, giving the merchant a good chance to increase leads and maximize their earnings.
An eCommerce wing launched by any merchant allows them to save on showroom space, electricity bills, etc., while giving people the opportunity to shop from the safety of their home and thus increase the merchants’ income. Unfortunately, eCommerce merchandise poses increased risks.
Frauds and scams are a terrible reality to fall upon online stores. With new tricky patterns to commit breaches, proxies, blacklists, and more, it can become difficult to guard online stores, considering the fraud patterns’ complexity.
Fortunately, FraudLabs Pro, a fraud prevention module, assists online merchants in preventing fraud by helping in the screening of the received payments for fraudulent patterns and fraud threats.
What is FraudLabs Pro?
FraudLabs Pro is a service to detect, prevent, and screen for frauds among order transactions and keep an eye on fraudulent patterns. It provides a screen to look for possible malicious threats in credit card, PayPal, and other payment methods.
The service filters out CNP frauds and, in turn, helps merchants and online businesses to increase their revenue along with adding a wall of safety to their e-commerce transactions. The service uses stately algorithm engines to look for abnormalities in geolocation, proxy. It helps validate other elements such as emails, blacklists, credit cards, transactions and velocity, and other components that will help leech out fraudulent behavior.
Hence, the merchants can have a one-stop place to assess all threats to their transactions, which is otherwise too difficult for the human eye to catch. Along with making it easier to spot threats, FraudLabs Pro also helps to make the task of detecting hazards a much faster process.
Why Use FraudLabs Pro?
FraudLabs Pro prioritizes the individual needs of each online store and helps create a service to detect transaction hazards that suit your store perfectly. The customization helps in creating a service that fits perfectly as a lock and key mechanism and leaves no stone unturned to assure each preventive measure is securely in place.
Apart from screening for hazards, FraudLabs Pro assists merchants in keeping a record of all sales for a later reference. The plugin module works behind the scenes of all transactions without adding to the hassle of verification of payments and requires no extra steps from the part of the customers.
Accuracy and precision of the process:
The service undertakes the aid of 40 validation rules as preventive steps to the individual needs of each big or small business. These can be tweaked and personalized and hence adding to the precision of the security measures.
An additional step used by FraudLabs Pro for safeguarding the security of all business payments in online stores is by using the millions of records of blacklists contributed by the merchant community. These records are easily screened by the service, while human power could not possibly go through such tremendous work with admirable speed.
The flexibility of usage:
All businesses target different locations, varying audiences, and diverse preferences. Hence, marking what can be identified as fraud and what’s not depends on the specific online stores themselves. FraudLabs Pro provides a flexible option for merchants to point out what they mark as a fraud. The FraudLabs Pro score is an easy way to fish out deception, but merchants can also customize or validate their terms to aim at fraudulent behavior.
Reliability:
With ten years of customer service and thousands of reliable customers such as Shopify, OpenCart, and WooCommerce, FraudLabs Pro has made a good name for itself. Presently, it is working with more than 25 major online stores of the globe and providing quality fraud detection, and thus sales increase.
Key features:
The service runs various types of fraud validations like:
- IP address validation using IP2Location
- Transaction validation
- Anonymous proxy validation using IP2Proxy
- Blacklist validation
- Blacklist validation
- Billing & shipping address validation
- User account validation
- Email address validation using MailboxValidator
- Free and disposable email validation
- Device validation
- Ship/Freight forwarder address validation
- Credit card validation
These helps to thoroughly check a transaction and detect a fraudulent pattern, and hazards if any.
Additional accessible features:
Other add on features provided by FraudLabs Pro include FraudLabs Pro score for automatic detection of threats, custom validation rules to specifically suit online stores, FraudLabs Pro Merchant Network to access all marked blacklists, email notification of fraud orders, and Mobile app notification of fraud orders. You also receive ten free SMS credits upon sign up and a social profile query.
Ease of use and setup:
While Fraudlabs does not provide a trial version of the service, it is pretty easy to get the hang of the workings and begin using it. You can easily access all the customizable features of FraudLabs and benefit from the Rest API integration for the rest. The service also provides sample codes to use for setting up the service, and that too in several programming languages!
All you need to do is sign up for the free Micro plan, download and install the plugin required from the 20 ready plugins for all e-commerce platforms, and access the service upon entering your Licence key!
The service stays vigilant 24/7 and safeguards you from all possible threats.
Pricing and plans: Free Micro plan
The Micro Plan is all free and can begin protecting your business with no cost, no hidden fees, credit card information, etc. The service provides free 500 validation queries, which will auto-reset each month and is a good plan for small businesses.
Additional Upgrades:
If you have a considerably large business with more than 500 orders per month, you can avail yourself help from 5 additional plans. These are the Mini, Small, Medium, Large, and Enterprise plans. These plans range from $29.95 to $1,249.95 and range from 15,000 to 500,000 queries per month.
Final words:
FraudLabs Pro is a top pick for screening and detecting online fraud for online merchants and reducing chargeback, increasing sales, and cutting down costs on various threat prevention fronts.
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