eCommerce Fraud Protection for Fashion Retailers
Fashion retailers face a slew of difficulties when it comes to preventing online shopping fraud
Due to the global appeal of fashion, cross-border eCommerce is very common in this industry, so retailers need a payment fraud solution that can efficiently vet international orders without falsely declining legitimate customers.
Fashion retailers must also cope with online order surges during major holidays and sales seasons. Legacy credit card fraud detection systems can lead not only to costly chargebacks, but also to many false declines, negatively impacting brand reputation.
Brands seeking to grow online revenue in this competitive market must achieve a delicate balance between effectively preventing CNP fraud and providing consumers with a smooth shopping experience.
Riskified’s Fraud Solution for Online Fashion
- Riskified provides eCommerce fraud protection to global fashion brands and marketplaces, like FarFetch, SSense, and Vestiaire Collective.
- We analyze transaction data and use our proprietary fraud detection software to identify the legitimate shoppers behind seemingly risky orders. By moving away from stagnant rules-based systems, retailers partnering with Riskified benefit from self-optimizing machine learning models that safely drive online revenue across markets.
- Our automated solution allows brands to meet SLA requirements for same-day shipping and in-store pickup. We offer the scale and accuracy fashion retailers need to handle seasonal volume spikes and rapid growth.
- Riskified not only commits to boosting your approval rates, it also provides full chargeback protection on every approved order, giving you peace of mind and more time to focus on your core business.
Learn how Riskified’s eCommerce fraud prevention solution helps fashion retailers boost approval rates and eliminate chargebacks.
Since partnering with Riskified in 2015, luxury fashion marketplace Vestiaire Collective reduced their cost of fraud by 55%, and their customers enjoy instant confirmation for all orders.
decrease in cost of fraud