Sift vs Riskified: Which fraud and risk intelligence solution should you choose?
In ecommerce, you need a fraud and policy abuse intelligence partner you can count on — one that is accurate, innovative, and accountable. See why the world’s leading brands and retailers partner with Riskified.
Balancing fraud prevention with a seamless customer experience is critical. We aimed to minimize friction in customer-facing verification processes while increasing approval rates and reducing fraud—without compromising the overall shopping experience. By integrating Riskified into our transaction processing and verification workflows, we introduced a more intelligent, automated approach to fraud decisioning that operates behind the scenes with minimal customer disruption. Since implementation, Riskified has become an essential part of our day-to-day operations. We’ve seen improved acceptance rates, reduced fraud exposure, and a smoother customer journey. This has enabled us to consistently deliver the high level of service our customers expect and enjoy when shopping on our site.
Since the moment we implemented Riskified, we inmediatley started to see the switch from analogic manual review to modern and sophisticated fraud prevention solution which went beyond the automatization. It also provided increase of sales due to authorization increase from the banks. After using for a while the chargeback guarantee module, it helps us to make the move to implement policy protect item limit module to automatize or manual system of blocking abusers or resellers without the full capability of viewing the full identity.
It was reassuring to have Riskified in place during our geo-expansion activities across EMEA. In addition Riskified, new products from Riskified such as Policy Protect and Identity Explore, encourage us to dive deeper into other type of fraud and approach the matter more holistically.
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U.S.-based event ticketing company
Sift is only sending out periodic model releases. It’s certainly a concern of ours… we’re finding that it’s not operating in the way that we would like it to.
Why a U.S.-based ticketing merchant made the switch to Riskified
Riskified was approached by a ticketing merchant struggling with Sift’s extreme underperformance, which was leading to potential penalties from chargeback programs. Once it transitioned to Riskified, the merchant increased approval rates by approx. 7% and decreased chargeback rates by approx. 30%. Plus Riskified’s Chargeback Guarantee covered all fraud-related chargebacks.
Why enterprise ecommerce merchants prefer Riskified
Maximise approval rates while minimising fraud rates with unparalleled accuracy
You need a fraud partner that prioritises deep integration and precision. Riskified’s AI-powered decisioning platform examines more than 480+ data attributes per order, detecting fraud 2-3X more than competitors in head-to-head pilots. What’s more, Riskified helps merchants to identify 10X more policy abuse.
While other solutions increase the risk of receiving penalties from excessive chargeback programmes, Riskified delivers approval rates and a lower total cost of fraud.
Choose an enterprise-scale fraud and risk intelligence solution you can trust
Your fraud partner provides critical infrastructure to your business — you need to know that it will be with you for the long term, maximising your revenue. Shifting markets can be a breeding ground for fraudster schemes putting your business at risk. Don’t leave the fate of your business with a fraud partner that wavers in the face of economic uncertainty. Riskified boasts a 98% annual dollar retention rate in each of the last 5 years, from 2019 – 2023. Plus, as a publicly listed company, Riskified offers full financial transparency and robust business continuity.
Partner with an AI-born innovator that protects you from future fraud threats
Fraudsters are always innovating — and your fraud partner must too. You need a solution that invests in technology to protect your business across the customer journey, from login to checkout to claim. Other fraud solutions under-invest in innovation causing them to fall behind the ever-evolving fraud landscape. You gain the largest product and R&D team in the industry, dedicated to customising machine-learning models specific to your industry.
Protect your profitable revenue and approve more good customer orders
One thing is for certain: fraudsters will always find new ways to hurt your business. With a nonaccountable fraud solution, your good orders could be declined and fraud orders approved which leads to chargebacks you have to pay for. With an accountable partner that takes on this risk financially, your profitability stays safe from fraud attacks. Riskified’s Chargeback Guarantee assumes liability — you gain cost predictability, the confidence to approve more orders, and the ability to deliver more revenue growth.
Riskified’s game-changing impact
on ecommerce chargebacks
See our latest awards based on independent customer reviews
TrustRadius reviewers agree—Riskified outperforms Sift
Users say Riskified:
- Enhances growth with improved approval rates
- Reduces chargebacks and manual review
- Increases performance through scalable decision-making
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