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 over a rules-based system, such as Sift.
They chargeback guarantee has not only provides us a lift with our overall acceptance and approval rating, but has help to reduce what would be lost revenue due to chargebacks. It also has provided valuable data that is use to leverage against certain transactions preventing any potential chargeback that might occur.
Riskified does an outstanding job of working with our team to customize our web app view (interactive tool) to make it suitable for our needs. They are always looking for innovative ways to make our process flow easy for our agents who utilize their tool and for a better customer experience when orders are screened.
We needed to spin up hundreds of accounts very quickly, and their team, within a few days, was able to spin up a custom workflow for our team to do this at scale – they moved heaven and earth to make it possible practically overnight.
Join an unrivaled global network of merchant leaders
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
Maximize approval rates while minimizing fraud rates with unparalleled accuracy
You need a fraud partner that prioritizes 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 programs, 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 run, maximizing 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 customizing 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
© 2024 Riskified. All rights reserved.