Preventative fraud monitoring that protects your marketplace and sellers against chargebacks, dishonest buyers, and suspicious activity on your platform.
PromisePay drastically reduces fraud, ensuring a reputable marketplace for customers to transact on.
PromisePay accepts all chargeback related risk on behalf of your marketplace, removing any liability away off your platform.This applies to PromisePay Escrow only.
PromisePay generates a real time score on your buyers, based on cross referenced data variables, for every transaction in order to predict the likelihood of fraudulent activity.
Using varied data sources, PromisePay can determine if a specific device is regularly used by a particular customer. Abnormalities create a flag for further checks to be carried out.
PromisePay can determine the the physical location of your buyers in real time through advanced IP-based checks to ensure your customers are who they say they are.
PromisePay uses governmental, credit card, and home grown whitelists and blacklists to filter out untrustworthy sellers, in order to keep your platform free from suspicious activity.
PromisePay ensures your marketplace will never need to hire or manage a fraud prevention team, nor the need to use of third party fraud tools on your platform.