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.