Last Updated on October 21, 2019 by Larious
The payment gateway provided by Shopify is called Shopify Payments. Shopify Payments is available for business owners in the USA, UK, and Canada. Shopify Payments is available to all the sellers from these countries for all the plans provided by Shopify.
The default payment gateway will be Shopify Payments when you set up your store through Shopify. The biggest benefit of Shopify Payments is the ability to track everything on the dashboard. This provides ease and convenience, as you know at every moment where your money is. Shopify Payments makes chargebacks a whole lot easier too.
What’s Fraud Protect?
One of the biggest challenges you have to deal with when being an online store owner is dealing with fraud. When you have been a victim of fraud, it means you lose your money, precious time, and the product as well. The tricky part is determining when you have been a victim of fraud. It can be impossible sometimes because everything seems so authentic.
Today, it’s more difficult than ever to be able to spot fraud online. Manually trying to determine whether an order placed is genuine or not means spending a lot of time going through each of the orders. This isn’t possible especially when you have lots of orders coming your way.
If you’re unable to spot fraud then it can have a huge impact on your business if you become a victim at any point. Being a victim of fraud can directly impact how much you’re earning as well especially if you’re a new shop owner.
This is why today, it’s important that you ensure each of the orders is protected. This can help give you peace of mind without dreading about fraud because it has become way too common today. Fraudsters have become way too smart and you always want to be one step ahead of them to ensure your orders and your business is protected from them always.
Luckily, Shopify’s Fraud Protect is available to some merchants in the U.S. which can make your life way better and easier as an online merchant. This is available for Shopify Payments payment gateway and it comprises of automatically checking for fraud in incoming orders.
There’s a small fee charged for every order that is protected with Fraud Protect. In the case of a chargeback on the protected order, Shopify returns all of the fees and costs involved which means hassle-free selling for you! This can help save a lot of time and effort on your side as you can then turn your focus on other things that need to be taken care of in your business.
What Are The Advantages Of Fraud Protect?
Fraud Protect has the following advantages when it’s used in the Shopify Payments payment gateway.
Sell Without Fear
You will be able to sell without fear because you will know Fraud Protect is there to safeguard your business. If you do receive a chargeback, then you will know that Shopify will help you out by reimbursing the cost and the fraud protect fees. So there’s nothing for you to fear about when you have Fraud Protect.
Fraud Protect is always there to safeguard your website.
Do More In Less Time
When you think of the time spent on checking each order manually to ensure it’s fraud-free, you will realize that it’s a lot. Fraud Protect gives you the peace you need to ensure you’re now doing more productive things rather than checking each order and determining whether it’s safe to fulfill it or not. Fraud Protect enables you to be more productive and do a lot more in lesser time.
Take In Orders
You won’t need to review fraud or any of the other time-consuming processes so you can focus on order fulfilling and grow your business easily. You will never lose a sale again either because Fraud Protect will safeguard you from all the fraudulent orders.
If you’re a Shopify store owner working in the U.S. you’re eligible to make use of this feature as Fraud Protect is only available in the U.S. for now. If you’re eligible for Fraud Protect then you will get a notification on Shopify and an email to let you know whether you can get this type of protection for your orders. Fraud Protect is great for all types of businesses and online store owners as it ensures the business can be conducted without fear of losing money and time.