Top 5 Best Alert Services to Protect Your E-Commerce Business from Fraud

As a card issuer, an e-commerce vendor, or an online business owner, you probably want to use every tool possible to minimize the risk of financial loss or fraud that can scare off your customers and damage your business reputation. One sure way to improve your card acceptance, prevent fraud, get back any revenue lost to scams, and put a stop to chargebacks is to employ a reliable software solution for monitoring your transactions in real time and ensuring their transparency.

While Ethoca currently rates among the best products on the market, it is not the only option available today. In this post, we will look at some of its most trusted alternatives and discuss their chief benefits. Hopefully, this information will help you find the best fit for your business needs.

Five Trusted Ethoca Alternatives a Business Can Use in 2021

Here is a list of top 5 most high-rated and competitive alternatives to the famous Ethoca service that can help you with real-time screening, blacklisting, and ID analytics: 

#1 Signifyd: Highest Protection Level

This SaaS-based technology solution for e-commerce businesses offers enterprise-level protection from scams. It helps streamline fraud-detection and prevention efforts, allowing entrepreneurs to grow their sales and reduce financial losses. Signifyd is designed to solve a wide range of day-to-day problems faced by a modern online business and ensure its successful growth without the fear of fraud.

Pros

  • The solution helps save millions of dollars that are otherwise lost in chargebacks.
  • The software flags suspicious purchases for further review.
  • It ensures there are no wrongful declines to cause customer dissatisfaction and churn.
  • Signifyd allows businesses to minimize their operational expenses for transaction investigations.

#2 ClearSale: A Flexible Solution

For over 15 years, ClearSale has been a proven leader in fraud protection that has shown consistently good performance across multiple markets and in most diverse countries. This globally recognized end-to-end fraud management solution boasts solid experience, flexibility, and adaptiveness that can easily accommodate the unique fraud-prevention needs of almost any business. 

Pros: 

  • ClearSale detects and alerts its users to possible fraudulent transactions taking place.
  • The software is an efficient tool for eliminating chargebacks.
  • It offers a wide range of comprehensive payment verification and risk assessment features. 

#3 Sift: Leader in Real-Time Analytics

Sift is a flexible and adjustable fraud detection solution that enables businesses of all sizes to stay competitive and safe while offering a risk-free tool for unlocking their revenue growth. Its excellent fraud management features and comprehensive real-time analytics help businesses prevent false payments from fake accounts, scams, spam, account takeovers, etc. 

Pros:

  • This integrated solution stops fraudulent payments and other types of financial abuse online.
  • Sift helps reduce false positives and ensures a smooth and dependable experience.
  • It allows businesses to grow their revenues in a risk-free manner. 

#4 Digital River: Integration Leader

Digital River is an advanced and reliable back-end e-commerce solution for payments, fraud detection, tax, and compliance. With this simple but effective feature-rich integration, businesses no longer need to use multiple other products from various vendors. By merging Digital River with the front-end online commerce platform, entrepreneurs get a risk-free and adjustable tool for growing their business revenue.   

Pros: 

  • Digital River allows businesses to grow their profits by joining new markets and delivering top-notch experience localized to specific regions.
  • The solution helps eliminate chargebacks and improve billing for enhanced authorization rates.
  • It is an easy-to-use product with excellent reporting and business analysis features. 

#5 Stripe Radar: Suitable for Large and Small Businesses

Stripe Radar provides you with an excellent set of tools for detecting and preventing fraud in real time. Sophisticated machine-learning algorithms provide small and large businesses with the power to fight scammers, while making adjustments to the customers’ payment profile. 

Pros: 

  • Stripe Radar effectively identifies and blocks all types of online transaction fraud in real-time.
  • With this tool, business owners can control how 3D Secure is applied to payments via cards.
  • The solution offers greatly detailed and accurate reporting.

Summing Up: Find The Solution That Suits You

With so many different options available, finding a fraud-protection solution that will be a perfect fit for your business can be challenging. Try not to rush into making any decisions and conduct some proper research first. 

What do you think of the above Ethoca alternatives? Is there a suitable match for your business needs? Feel free to speak up in the comments and share this post with your friends if you like it! 

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