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Riskified Reviews & Product Details - Page 9

Riskified Overview

What is Riskified?

Riskified is the market's smartest and most accurate eCommerce fraud management partner, with a machine learning platform powered by a global merchant network to minimize fraud and maximize net revenue, supported by true chargeback guarantee and premium partnership models. With more than 400 million shoppers in 180+ countries on our platform, we evaluate millions of transactions every day. Because this data is fed back into our system, our platform gets smarter with each transaction. Our merchants benefit from all of this data, not just those within their own database. Beyond our robust Chargeback Guarantee product, Riskified has built a comprehensive portfolio of solutions to protect and support merchants across the entire customer lifecycle. With our Account Secure, Policy Protect, and Payment Optimization solutions, we're here to help merchants navigate and stay ahead in the constantly evolving world of eCommerce fraud.

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 market leading machine learning fraud management solution.

-We provide a 100% guarantee against fraud-related chargebacks

-We deliver instant decisions

-We are fully automated

-Our process is completely invisible to end-customers

-We are truly global solution, helping protect merchants across continents and industries, vetting transactions from more than 180 countries


Seller Details
Seller
Riskified
Company Website
Year Founded
2013
HQ Location
New York, NY
Twitter
@Riskified
1,852 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.


Nitsan G.
NG
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...
Sam  C.
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...
Tania C.
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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1 person requested security information

Riskified Media

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Performance tracking and trending over time
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Full access to key performance indicators
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Riskified order flow
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Full transparency into decisions
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214 Riskified Reviews

4.5 out of 5
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214 Riskified Reviews
4.5 out of 5
214 Riskified Reviews
4.5 out of 5

Riskified Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

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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G2 reviews are authentic and verified.
Jasmin E.
JE
Human Resources Coordinator
Hospitality
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Riskified?

I like how the system is constantly changing to ensure that the platform more user friendly. We are easily able to see a customers risk in an easy to read chart. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

Response time to some inquiries can take up to 2 days sometimes and customers can be persistent. Review collected by and hosted on G2.com.

Recommendations to others considering Riskified:

You don’t need much training. Utilize the risk factors provided and you’re set. It’s very user friendly Review collected by and hosted on G2.com.

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

I am easily able to submit a customer for review and get approved within seconds. Review collected by and hosted on G2.com.

SS
Owner
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Riskified?

It seamlessly integrates with our online shopping cart so there is no extra step. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

There is sometimes a delay on approval decisions that hold up orders, but not often. Also, occasionally we get an order denial from a customer we know and trust which is odd. Review collected by and hosted on G2.com.

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

It protects our online orders from nearly all fraudulent activity. We’ve actually had a few phone orders where we have been scammed so we now run most phone orders through our online store. Review collected by and hosted on G2.com.

Verified User in Retail
AR
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Riskified?

Fast and simple notifications for each order received which clearly indicates what we need to do next regarding orders. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

Sometimes we get decline that should be an approval but no system is perfect and that can usually be resolved with a discussion with the customer. If the customer doesn't enter into a discussion then it was likely a fraud attempt. Review collected by and hosted on G2.com.

Recommendations to others considering Riskified:

I installed Riskified years ago via their Shopify app and have been using it since that time. While I can't fault the technology and what it did for us I cannot in good faith recommend Riskified to anyone considering it as a fraud tool.

I have updated this review on 3/10/2019 after we received an email from their Director of Customer Success saying: ...."If you would like to continue using Riskified’s service, we will require a minimum fee of $3,000 per month."....

I suppose our business isn't considered important to Riskified and I'm ok with that as we are a small business so won't make them as much money as other clients. However, if you don't want my business as it is right now, why should I trust you with my business as it grows over time. That is the reason I would not recommend Riskified to others. Review collected by and hosted on G2.com.

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

When selling via a shopping cart solution like Shopify, we get limited card information so we can't do manual checks with the issuing banks. To do that would mean we have to comply with a higher PCI Level and use a 3rd party gateway/merchant bank, that isn't very feasible or practical for a small business. This opens us up to fraud but using Riskified allows us to detect and insure against fraud. We haven't had any issue with friendly fraud or chargebacks since using Riskified and new attempts are stopped early. Review collected by and hosted on G2.com.

Verified User in Leisure, Travel & Tourism
UL
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?

Knowing that our business has this safety net allows us to focus on other areas of the business (operations, business development). Riskified has been given us the invaluable commodity of time. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

The algorithms used to determine potential fraudulent behaviour can sometimes be too strict and we have noticed that some email domains get flagged as fraudulent transactions every time. Review collected by and hosted on G2.com.

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

We use to have a lot of fraud coming from one specific train operator, ever since we integrated Riskified this has become a non-issue. Although it is impossible to protect a business 100% from these issues we now have saved plenty of time and money from the security benefits brought in from Riskfiend. Review collected by and hosted on G2.com.

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

Excellent tool to spot fraudulent transactions. The platform is quite intuitive and can be learned in a day. Riskified had made us a couple of training during the first days to learn to use all the features.

The platform learns very fast all the fraudulent patterns of your business and within second give an answer. The answer is usually very accurate (for sure most exact than ALL the tools of the market we have tried) and when order is declined it shows you different categories of risk (fraudulent, high risk etc) and this allows you to have a better idea of the potential thread. When entering to an order, you will see a self explanatory dashboard with all the information you need to understand the main factors of the decision (location, shipping, velocity etc).

As overall, with this platform we have seen a huge decrease of fraudulent transactions and manual work within weeks. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

Process to resubmit for approval an order is quick but very strict. it have improved on the last year but there is still some points that might be improved Review collected by and hosted on G2.com.

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

- Stop fraudulent orders before the system, avoiding to have stock unnecessarily blocked in orders that are not real/good

- Avoided loosing money and inventory on transactions that will end up in chargebacks

- Reduce the amount of work allocated to fraud checks and charge back resolution practices and free resources for other activities Review collected by and hosted on G2.com.

AS
Retail Associate
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about Riskified?

I love using the Riskified Linking Tool. It gives detailed information regarding individual customers. I also like using the filters, for example we had a huge fraud ring recently and we were able to isolate the fraud using a filter for IPs. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

There is not much to dislike. Very user friendly, although the new second look feature is not ideal. Review collected by and hosted on G2.com.

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

Riskified has made reviewing orders a lot easier in our day to day workload. They are able to analyze specific information and link customers together Review collected by and hosted on G2.com.

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

Riskified has allowed us to focus on other parts of our ecomm business. The service they provide to us is reliable and we've been able to improve our order volume and approval rate significantly without much risk. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

Chargeback guarantee is limited and not as competitive as other companies that offer similar services. Reports aren't super robust and can be improved. We used to have a dedicated account manager but now everything is centralized, making it a bit difficult to get answers quickly. Review collected by and hosted on G2.com.

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

Riskified has significantly reduced the resources we need to verify our orders. Our process is more streamlined and it has allowed us to focus on other parts of our business. Review collected by and hosted on G2.com.

Verified User in Airlines/Aviation
AA
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Riskified?

- performances and a good compromise between a low fraud rate and a high acceptance rate

- account management from the Riskified team

- new products and services offered by Riskified (answering to the main issues for merchants) Review collected by and hosted on G2.com.

What do you dislike about Riskified?

- not so many information to analyze (blackbox style)

- having more features and solutions to give more control could be an asset Review collected by and hosted on G2.com.

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

- Decrease the fraud rate and the fraud loss for the organization

- Reduce the daily and ops work for the fraud team (so the team can spend more time on analysis than manual checks)

- Increase the acceptance rate by decreasing unnecessary fraud declines

- Showing the fraudsters more resistance Review collected by and hosted on G2.com.

Andrea S.
AS
Product Owner Marketplace
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Riskified?

I like the efficiency of the system, Riskified is able to evaluate a transaction in matters of seconds with incredible precision, and in case they were wrong they cover you up in case of a chargeback.

While, on a human level, I greatly appreciate the level of commitment that the Riskified team puts into its work. Review collected by and hosted on G2.com.

What do you dislike about Riskified?

Actually there's nothing I really dislike about this solution. Review collected by and hosted on G2.com.

Recommendations to others considering Riskified:

If you're evaluating Riskified, you're evaluating the best solution you can find on the market. Review collected by and hosted on G2.com.

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

We use Riskified in order to do transaction risk analysis for our e-commerce platform, we benefit from their fraud detection & protection system that keeps us safe from fraudsters. Review collected by and hosted on G2.com.

Tzivia H.
TH
Senior Team Lead, Client Services and E-Commerce
Luxury Goods & Jewelry
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Riskified?

Effectively prevents fraud, support team responds quickly when we ask for assistance Review collected by and hosted on G2.com.

What do you dislike about Riskified?

Appreciate that we can add additional information to overturn a Considerable Risk or High Risk decision, however, I often feel like that information I provide ie email matches contact information, billing matches shipping is readily available to the Riskified Team and should factor into their own decision making

Does not help with friendly fraud Review collected by and hosted on G2.com.

Recommendations to others considering Riskified:

Provides 100% chargeback protection Review collected by and hosted on G2.com.

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

Helps us to detect fraud and protect the company against fraud Review collected by and hosted on G2.com.