This collaboration allows marketplaces to have easy access to a range of fraud prevention, compliance and revenue uplift solutions.
With increased sales, marketplaces face multiple fraud challenges with Chargebacks being a significant one, whether caused by true fraud or friendly fraud (AKA chargeback fraud).
Fraugster's Managed Services solution takes care of chargeback protection by providing a guarantee, AI data enrichment for accurate decisions, access to global sanctions lists through a single integration to protect against AML and fincrime, and overall fraud monitoring, while marketplaces can focus on time, resources, and investment in other crucial areas of their business while remaining secure.
Expanding fraud prevention capabilities
Fraugster enables companies to manage the impact of fraud to minimise the costs of fraud, maximise revenue and improve customer experience. Fraugster has developed one of the most accurate AI fraud prevention solutions in the market and is backed by leading deeptech investors Earlybird, Speedinvest, CommerzVentures and Munich Re Ventures.
Fraugster Co-CEO, Christian Mangold said: "The collaboration with Payaut is another step in successfully supporting the Marketplace ecosystem. With this partnership and our recent teaming up with German marketplace Refurbed, we are further extending our fraud prevention capabilities by providing flexible and scalable solutions for online marketplace platforms."
Protecting the e-commerce marketplace
Founded in 2019, Payaut is a licensed European payment institute by payment industry and eCommerce experts. Its mission is to provide the best e-commerce experience for operators and users of online marketplaces.
With Payaut, marketplaces can pay their sellers in a PSD2-compliant way while still remaining flexible on which payment service provider they use. Acting as an intermediary between sellers and the different Payment Service Providers (PSPs), Payaut enables the marketplace to use multiple 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.
Payaut CEO, Ernst Van Niekerk said: "We look forward to working together with Fraugster to provide fraud prevention services to marketplaces. Instead of shopping around and contacting several different vendors, marketplaces can access all their fraud prevention needs via one vendor - Fraugster. Through a single integration, marketplaces can select from multiple solutions, including full chargeback protection, resulting in streamlining and simplifying fraud detection."