Fraugster partners with Payaut for fraud prevention services
This collaboration provides marketplaces with easy access to a range of fraud prevention, compliance and revenue enhancement solutions.
With increasing sales, marketplaces face multiple fraud challenges, with chargebacks being a significant issue, whether caused by genuine fraud or friendly fraud (AKA chargeback fraud).
Fraugster’s managed services solution supports chargeback protection by providing warranty, AI data enrichment for accurate decisions, access to global sanctions lists through a single integration to protect against AML and financial crime, and global fraud monitoring, while marketplaces can focus time, resources, and investments in other critical areas of their business while remaining secure.
Expanding Fraud Prevention Capabilities
Fraugster enables businesses to manage the impact of fraud to minimize fraud costs, maximize revenue and improve customer experience. Fraugster has developed one of the most accurate AI fraud prevention solutions on the market and is backed by leading deep tech investors Earlybird, Speedinvest, CommerzVentures and Munich Re Ventures.
Co-CEO of Fraugster, Christian Mangold said: “Collaborating with Payaut is another step in successfully supporting the Marketplace ecosystem. Through this partnership and our recent collaboration with German marketplace Refurbed, we are further expanding our fraud prevention capabilities by providing flexible and scalable solutions for online marketplace platforms.
Protecting the e-commerce market
Founded in 2019, Payaut is a European payment institute accredited by experts in the payment and e-commerce industry. Its mission is to provide the best e-commerce experience to operators and users of online marketplaces.
With Payaut, marketplaces can pay their sellers in a PSD2-compliant way while remaining flexible about which payment service provider they use. Acting as an intermediary between sellers and the various payment service providers (PSPs), Payaut allows the marketplace to use several processing partners and payment methods such as Mollie, Checkout.com, Paypal or Stripe at the same time, providing opportunities to improve margins and increase conversion through payment orchestration.
CEO Payaut, Ernst Van Niekerk said, “We look forward to working with Fraugster to provide marketplaces with fraud prevention services. Instead of shopping around and contacting multiple different vendors, marketplaces can access all of their fraud prevention needs. fraud through a single vendor – Fraugster. With a single integration, marketplaces can choose from multiple solutions, including comprehensive chargeback protection, which helps streamline and simplify fraud detection.”