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Riskified Reviews & Product Details

AL
General Management
Marketing and Advertising
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Riskified?

Asking for refunds/guarantees is extremely easy. This is a big turn off with other similar services that make it more difficult to get a refund processed. This makes Riskified feel closer and since Riskified trusts us, we trust Riskified.

Instead of having a team of people going through every single transaction to detect whether it's suspicious or not, we know use Riskified to do that for us. That team is now dedicated to other work that provides more value for our customers. We absolutely trust the system and has worked wonderfully for the last three years.

Riskified is a must for any serious ecommerce site. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

I've wanted to get more clients on board but the sales volume required is very high.

If this requirement went way down, I could definitely get more clients using Riskified. Review collected by and hosted on G2.com.

Recommendations to others considering Riskified:

This is the best fraud prevention tool in the market.

Look no further.

Great product and great service.

Setup is very simple and day-to-day usage is very intuitive, no training required. Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

We no longer have people dedicated to analyzing every single transaction. If Riskified marks a transaction as fraud, we rarely ever disagree.

The longer we have used the system, the better and better the algorithm keeps getting.

We use this internationally, so this is no minor feat.

Riskified is a great technology and business accomplishment.

On top of this, the rates are very fair.

It's one of those things that as soon as you start using it, you can't even remember how things got done without it. Review collected by and hosted on G2.com.

Riskified Overview

What is Riskified?

Riskified (NYSE:RSKD) empowers businesses to unleash ecommerce growth by outsmarting risk. Many of the world’s biggest brands and publicly traded companies selling online rely on Riskified for guaranteed protection against chargebacks, to fight fraud and policy abuse at scale, and to improve customer retention. Developed and managed by the largest team of ecommerce risk analysts, data scientists and researchers, Riskified’s AI-powered fraud and risk intelligence platform analyzes the individual behind each interaction to provide real-time decisions and robust identity-based insights. Learn more at Riskified.com.

Riskified Details
Product Website
Languages Supported
English
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Product Description

Riskified is a turnkey risk management solution that reviews, approves and guarantees transactions.

How do you position yourself against your competitors?

Riskified is a pioneer in ecommerce fraud prevention, using advanced artificial intelligence, machine learning and data analytics to continuously improve the accuracy and efficiency of its fraud and risk intelligence platform. Riskified’s platform analyzes the individual behind each interaction to provide real-time decisions and robust identity-based insights that help ecommerce merchants win more customers, approve more orders, and retain more revenue.

Our portfolio of products are designed to provide custom solutions to ecommerce merchants to improve business outcomes by blocking fraud and policy abuse with precision.


Seller Details
Seller
Riskified
Company Website
Year Founded
2013
HQ Location
New York, NY
Twitter
@Riskified
1,851 Twitter followers
LinkedIn® Page
www.linkedin.com
719 employees on LinkedIn®
Ownership
NYSE: RSKD
Description

Riskified is a leading provider of fraud prevention and eCommerce solutions, specializing in helping online merchants increase revenue while minimizing chargebacks and fraudulent transactions. The company's platform leverages advanced machine learning and data analytics to assess the legitimacy of customer transactions in real-time, enabling businesses to make informed decisions. By offering a chargeback guarantee, Riskified empowers retailers to confidently approve more orders and enhance customer experience. For more information, visit their website at https://www.riskified.com.


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Overview Provided by:
Digital Marketing Manager at Riskified

Recent Riskified Reviews

Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Great experience with Riskified"
Thanks to Riskified, the monitoring of fraud payment is simple and the efficiency of the machine learning had a great impact on the KPI's. The weba...
SC
Sam C.Mid-Market (51-1000 emp.)
5.0 out of 5
"Partnership in our Fraud prevention efforts"
Attentiveness to concerns and they're responsiveness. Tech support always available and our account rep is never far to get in touch with. They m...
TC
Tania C.Mid-Market (51-1000 emp.)
4.5 out of 5
"It’s a relationship - you’ll get what you put in"
Riskified has a strong analytics team which can provide great insight on risk vectors that may have been undetectable by your organization. They ...
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213 out of 214 Total Reviews for Riskified

4.5 out of 5
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213 out of 214 Total Reviews for Riskified
4.5 out of 5
213 out of 214 Total Reviews for Riskified
4.5 out of 5

Overall Review Sentiment for RiskifiedQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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SR
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Riskified?

I have worked in the E-commerce Fraud industry for the last 9 years, working with different fraud solutions. I can 100 % say that Riskified is the best one so far. The accuracy of the decisions is impeccable, the dashboards and the tool are very user-friendly. Their chargeback guarantee model is revolutionary. From the implementation team to the account management their services are exceptional. Is a great partner to work with. It is not only a fraud tool, but also a transversal tool that will impact many areas of your company, from sales to customers' experience in the checkout.

I will highly recommend this tool to any company that wants to accurately fight fraud. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

There is nothing bad I will say about Riskified. Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

Riskified has reduced our Fraud Chargeback rate to the minimum as well as increased sales. It has also removed friction for the customers in the checkout by removing 3DS. Review collected by and hosted on G2.com.

SC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Riskified?

Attentiveness to concerns and they're responsiveness. Tech support always available and our account rep is never far to get in touch with. They might not or mention a specific tech support window but in fact really in our experience it has been 24/7. Product dashboard to monitor SLA and KPIs are easy to understand and use. Thus far with the relationship, we have been asked to review current product for further improvements as well test drive new products. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

At the moment there are no dislikes as they have been really open to concepts and adjusting the product to fit our needs. They willingness and openness to making things work for their client and how their client operates in their respective space. Not all merchant operations are the same as well the landscaping they operate in. So have a product or products available and altered to fit the merchant is a rare feature to have. Review collected by and hosted on G2.com.

Recommendations to others considering Riskified:

Review all of their products as they will have a product or products that will fit your need. They are willing to even work on creating or altering existing product to meet the clients needs. Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

Minimizing friction on customer facing verification options. Increasing our acceptance while reducing fraud and improving our customers overall experience. Since having Riskified enabled in our processing flow and checks, their product has become an essential part of our day to day operations and maintaining the high service levels that our customer have come to expect and enjoy while shopping on our site. Review collected by and hosted on G2.com.

MC
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Riskified?

What I like most is the close relationship with the account executive who tries to understand the particularities of the company, sector and country. Compared to the competitor we use in part of the operation (Clearsale) this point of quality is very similar as both companies offer excellent local service Review collected by and hosted on G2.com.

What do you dislike about Riskified?

The fact that they did not want to include a flow of manual validations of orders with a data verification team, seeking a path fully automated by artificial intelligence that will not always be able to map the real risk of operations Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

Riskified helps me analyze fraud in orders on my marketplace channel. The main benefit is the attempt to improve the identification of fraud patterns, but still leaving something to be desired in the understanding of the particularities of the operation and country Review collected by and hosted on G2.com.

TC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Riskified?

Riskified has a strong analytics team which can provide great insight on risk vectors that may have been undetectable by your organization.

They have a very strong modelling team which are constantly looking at and revising their models to apply to current day trends. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

If you have a very niche product, you will need to provide continuous feedback in order to have the model trained to accommodate your customer base and reduce false declines. Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

They have a large team dedicated to risk mitigation so we don't have the build this team in-house. They're also experts in the industry which can be hard to hire for therefore having them do this has saved us time and effort Review collected by and hosted on G2.com.

Verified User in Retail
AR
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Riskified?

Riskified simplifies and accelerates our order processing flow. It allows us to accept incoming orders much more efficiently and with confidence. Prior to implementing Riskified into our toolset, we spent a lot of time checking and verifying client information, payment information and order contents so we could make an informed decision on the veracity of the information and decide whether or not to accept the order.

We have been using Riskified for several years now, and I feel they are truly unequalled in their space. We are now able to utilize our time offering our clients top tier support rather than spend our time investigating them! In addition to this, the Rikified team are fantastic partners. They are responsive and supportive whenever we've had to reach out to them.

in short, adding Riskified to your flow is a complete game changer and I highly recommend the platform. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

I feel that at first Riskified was sometimes a bit too sensitive and would sometimes reject orders which should be covered, without providing sufficient reasons as to why. That being said, I've noticed that over time, and after sufficient analysis of the feedback we provide in each case, the system has dramatically improved each year and now we have a near perfect approval rate. Review collected by and hosted on G2.com.

Recommendations to others considering Riskified:

Use it, you won't regret it. Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

We are able to allow Riskified to handle accepting many of our incoming orders, thus freeing up our human agents to attend to other tasks while the orders are fed directly to our warehouse for processing. Review collected by and hosted on G2.com.

Verified User in Luxury Goods & Jewelry
AL
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Riskified?

Thanks to Riskified, the monitoring of fraud payment is simple and the efficiency of the machine learning had a great impact on the KPI's. The webapp is user friendly as well, and the relationship with our account manager is great. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

I think the Asian market isn't yet well managed by Riskified. Besides, it could be intersting to be notified if there is a change in the algorithm. Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

The first issue was the fraudulent chargebacks that was reduced by Riskified, which helped the authorization rate to increase. The review is now automatic, there is no need to review manually 30% of the orders.

Disputing chargebacks is also time saver. Review collected by and hosted on G2.com.

MR
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Riskified?

Platform is ricj in details and enable the user to proceed with a deeper analisys. Also apart of the filters, the portal is really intuitive and help on the end user trainning. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

Portal is quite slow sometimes, Also the filtering on Portal could be more user friendly, The initial end time does not aplly the local timezone, then leads the user to incorrect filters. Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

Fraud issues, High levels of Chargebacks. Review collected by and hosted on G2.com.

Verified User in Apparel & Fashion
AA
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Riskified?

It is easy to use. Very friendly-tool.

The customer service center is very quick to respond and our Account Manager (Tehila) is helping us a lot with the tool.

And the dashboards are easy to use. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

We are having some problems with the Second Look option (but they are quickly managing it to solve it) Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

The tool has been able to decrease the rate of chargebacks we had in the Japanese market and increase the approval rate. Review collected by and hosted on G2.com.

Verified User in Accounting
IA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Riskified?

The links it creates between oders for bettwe assesment. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

Sometimes there is no information why the order was decloined. Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

Orders that may be fraud Review collected by and hosted on G2.com.

Verified User in Retail
UR
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Riskified?

I like the ease of use! It shows all pertinent information right where I need it, and it's easy to filter through the thousands of orders to see general trends within our business. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

I dislike not understanding why some orders with multiple "red flags" are accepted/approved by Riskified, and some orders that are declined will have full AVS match, no noticeable red flags, and the Riskified reason is ONLY something simple, like "email syntax." That doesn't make sense to me! Review collected by and hosted on G2.com.

Recommendations to others considering Riskified:

I have never had to really think about it, I don't see any downsides! All companies should be using software like this, and the more companies on Riskified, the better! Growing databases of order references will only help everyone! Review collected by and hosted on G2.com.

What problems is Riskified solving and how is that benefiting you?

We're lowering the risks accepted by our business for fraudulent orders. This also gives peace of mind to our Customer Service team, who's more confident in accepting orders over the phone. If it's not great, Riski has our back and will decline the order! Review collected by and hosted on G2.com.