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Signifyd Reviews & Product Details

Signifyd Overview

What is Signifyd?

Signifyd is a commerce protection provider that addresses fraud and abuse challenges at key conversion points across the ecommerce shopper journey from account creation to checkout to return request. We help merchants decide when it is appropriate for a shopper to take a certain action – like creating an account, completing a transaction, or requesting a refund. We can do so accurately because we have seen 98% of shoppers previously across the thousands of ecommerce storefronts we protect. Signifyd customers typically see a lift of 5 - 9% in revenue by letting more good shoppers through. We are so confident in our decisions that we back order approvals with a guarantee, which gives our merchants the confidence to automate fulfillment knowing that if a chargeback does occur, we will reimburse them 100%.

Signifyd Details
Product Website
Languages Supported
English
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Product Description

With identity and intent intelligence from the world’s largest network of online retailers, Signifyd’s Commerce Protection Platform instantly recognizes the ‘who’ behind every transaction. Every approved order is backed by a 100 percent financial guarantee against fraud and abuse, so merchants can automate payments at scale, streamline customer experiences and grow fearlessly.

How do you position yourself against your competitors?

“The adoption of Signifyd’s guaranteed fraud protection solutions by the next-generation of digital native retailers, as well as the traditional brick and mortar retailers, is a clear testament to the capabilities, versatility and modularity of Signifyd’s solutions. Signifyd’s competitors are mainly focused on loss-prevention, as opposed to customer experience enhancements.” - Frost & Sullivan


Seller Details
Seller
Signifyd
Company Website
Year Founded
2011
HQ Location
San Jose, California
Twitter
@signifyd
1,967 Twitter followers
LinkedIn® Page
www.linkedin.com
550 employees on LinkedIn®

Lillie D.
LD
Overview Provided by:

Recent Signifyd Reviews

OA
Omar A.Mid-Market (51-1000 emp.)
5.0 out of 5
"Intuitive protection platform against fraud purchase"
One-for-all protection tools to prevent fraudulent purchase, risk purchaser, and fraud markers that prevent account with risk from continuing their...
KD
Karen D.Small-Business (50 or fewer emp.)
5.0 out of 5
"The best software for peace of mind and no worries about fraudulent orders"
Its great because it does exactly what it says it will do. Its easy to implement, reliable and I was able to integrate it easily. Plus, I like bein...
SP
Suraya P.Mid-Market (51-1000 emp.)
4.5 out of 5
"Full protection against fraud orders and payments"
Simple to integrate and setup with our ecommerce shop, easy function to stop fraud order/payment and access to the daily report, protect business f...
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Signifyd Media

Signifyd Demo - Order Review in Agent Console
Agent Console is used by risk agents to drill into the ‘why’ behind each order decision. Agent Console surfaces variables used to inform order decisions made by Signifyd’s machine-learning model, as well as indicators into which variables weighed most heavily into those decisions – both positive ...
Signifyd Demo - On-Demand Reports in Insights Reporting
Insights Reporting provides the macro-data necessary to benchmark business metrics against industry averages and track performance overtime. On-demand reports can be leveraged to quickly assess business drivers, fraud protection outcomes, and emerging fraud and abuse trends.
Signifyd Demo - Order Investigation in Power Search
Power Search allows merchants to review transactions across their order history using a wide timeframe, thereby uncovering patterns between orders indicative of risky or fraudulent activity.
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295 Signifyd Reviews

4.6 out of 5
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295 Signifyd Reviews
4.6 out of 5
295 Signifyd Reviews
4.6 out of 5

Signifyd 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 SignifydQuestion

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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Jamie C.
JC
Risk Team Lead
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 Signifyd?

Signifyd genuinely cares about their relationship with their clients and wants to grow and evolve with their needs. Product development is non stop and the user expierence is always improving. Signifyd considers every bit of feedback from their customers and try to impliment relevant items. They keep up with current fraud trends and anticpate future trends and product needs. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Some aspects of the products can be centered around certain merchants and not quite fit our needs, or we cannot customize parts. More visability into the decision would be useful. Review collected by and hosted on G2.com.

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

Pre authorization was a huge stepping stone for us. Avoiding chargebacks for bad orders because we are no longer authorizing/charging and then going through decisioning has made a substantial impact on time saved and fees/financial losses. This change has benefitted the entire organization. Expedited decisioning, more intelligent decisioning, fewer post sales calls and CE calls our sales and CE agents have to take, reduced manual review, reduction in chargebacks, better customer experience Review collected by and hosted on G2.com.

KD
Data Analyst
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

Its great because it does exactly what it says it will do. Its easy to implement, reliable and I was able to integrate it easily. Plus, I like being able to see all the orders in one dashboard and keep everything in order and fraud controlled. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

There is nothing to say here because everything is going very well. Review collected by and hosted on G2.com.

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

We use it for peace of mind and not to worry about fraudulent orders, because it is reliable product with the best fraud detection features and that is why it was given a ten by this excellent software. Review collected by and hosted on G2.com.

BM
General Manager
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

So far I have liked Signifyd because it offers clear functions for peace of mind and keeps us protected from fraudulent orders. It also saves time and simplifies the process, which reduces risk and is excellent for this. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Customer services is not very good to say the least. Review collected by and hosted on G2.com.

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

It is really good, I have had a positive experience, everything works very well for fraud detection and it has tools that help you understand it better and it is really worth using it because it ends up being very useful. Review collected by and hosted on G2.com.

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

Easy to operate with simplified dashboard design and theme to navigate between tools and features. Modern solutions in detecting fraud transaction by utilizing advance transaction scoring and risk assessement algorithm calculation. All this implemented technology make it easy for our ecommerce store to validating purchase and stop fraud long before it take place. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Some areas of improvement with device tracking tools to permanently block device ID or to put on temporary ban. Review collected by and hosted on G2.com.

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

Fraud markers, blacklisting and bot mitigation is the front line in removing and preventing fraud transaction. Review collected by and hosted on G2.com.

Roy L.
RL
CFO
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

Signifyd gives a fraud score which can be used to help determine whether an order is fraud or legitimate. The score can be used to weed out fraudsters who are testing stolen cards or attempting to steal our products. The score tells us if an order is legitimate or if it's fraud, the score is rarely a "maybe". Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Customer support can be difficult to reach. Review collected by and hosted on G2.com.

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

We process a high volume of transactions on a daily basis. We have too many "bad actors" who use our web sites to test stolen cards. We were spending too much labor having employees manually check suspicious orders and our chargeback rate was too high for the orders we shipped but shouldn't have. Implementing Signifyd allowed us to process orders more quickly, spend less on labor and cut our fraud related chargebacks significantly. It's been good for our customers, great for us, and terrible for the fraudsters. Review collected by and hosted on G2.com.

ray v.
RV
Owner
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

I Love Signifyd!

I have increased my orders SIGNIFICANTLY on our website.

Before our fraud filters ruled out MANY orders, and we lost the order

Many time before the customers would try to get an order in 5 or 6 times before finally finding out that an address was abbreviated, or city was mispelled before finally getting and order to go through

Or they would abandon the cart altogether.

I now have zero fraud.

Before we had to check each order, and make a personal decision if its was fraud or not. Now its automatic and guaranteed.

We have caught ALL the scammers who tried to take advantage of us.

I have had to make only one claim in a year of use! And they paid it out immediately

I highly recommend this, Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

A little pricey for the smaller businesses that are not doing as much credit card business each month - there is a minimum payment per month, or percentage of sales, whatever is greater

Took a little bit of work with our developers to get everything set up initially, but once its done, its done, and works flawlessly. Review collected by and hosted on G2.com.

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

1 . Getting customers to spend money on the website without getting frustrated with the checkout fraud filters

2. Inclreasing orders on the wbesite Review collected by and hosted on G2.com.

SR
Director of eCommerce
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

I like this solution because it is very complete and ensures sales security by protecting online transactions. I also like the chargeback protection and, in general, it works well and offers great security, which is what we were looking for. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Frankly, I dont have any problems. I like everything and it even works well. Review collected by and hosted on G2.com.

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

It works very well to fulfill customer orders and provides security for our company and prevents fraud and keeps us fully protected. Review collected by and hosted on G2.com.

SA
ecommerce operations specialist
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Signifyd?

Signifyd takes away the need for a manual review process which saves up a lot of man power and allows our team members to focus on other issues. We also have upgraded our existing service to include complete chargeback protection which means they cover liability and risk for any chargeback received! This includes chargebacks with fraudulent reason codes and item not received or other non-fraud chargeback reason codes. Through this upgraded service, this eliminates the need for my team to manually submit claims and request reimbursements as the whole process is now automated.

I also like Signifyd's console and insights dashboard that shows very useful analytical data related to risk, traffic and more which I view on a weekly basis. They also show us benchmarking results so we can compare how we're performing against others in the industry.

Signifyd also has a dedicated team for support and implementation that made it easy to initially onboard and upgrade to the new service years later. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Nothing so far yet as the Signifyd solution has been great and their team has been very responsive and helpful in managing unforeseen issues as well as responding to normal queries. Review collected by and hosted on G2.com.

Recommendations to others considering Signifyd:

If you are considering implementing an automated solution to deter fraud, Signifyd is definitely in the top 3 in the market and has certain advantages that were more suited for our business than the other vendors. Review collected by and hosted on G2.com.

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

Signifyd is mitigating the risk with accepting online orders paid via credit card or alternate payment options such as PayPal and etc. This allows our team to focus solely on growth without having to worry about increase of chargebacks or fraud. Signifyd has definitely saved us a lot of man power resources and a lot of money by reducing our loss through chargebacks. Review collected by and hosted on G2.com.

Bailey B.
BB
E-commerce Customer Service Manager
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Signifyd?

Signifyd is a great tool - we've used it for years and it keeps getting better. Their ability to link all aspects of orders, and customers, and find trends is great! Their customer service team is great as well. Definitely recommend! Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

I don't really have any complaints as it is a great tool and any "areas of improvement" do not outweigh the benefits and good things about this tool. The order resubmission process could be improved. If there were a way to categorize resubmissions or quickly provide the information Signifyd is looking for when resubmitting an order. That would be beneficial other than having to manually type a note. Review collected by and hosted on G2.com.

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

The signifyd support team and our rep are always receptive and helpful with any requests. They also provide so much feedback and reasoning. They also do a great job digging in when a question arises. Review collected by and hosted on G2.com.

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

They are pretty easy to approach and friendly to work with.

I like their console portal, which is not our of dated compares to other traditional protals. Another highlights is their account managers are very quick respond to my questions and we all using Slack to communicate and schedule meetings, saved tons of my time. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

I believe there are still some imporve compents on the user portals could be imporved for a much more helpful tool for Signifyd's clients. I have brought a couple of ideas and suggestions ideas to my account manager, I know he tried his best to provide them to the product develop team already. Not sure if there is a limited resrouces for that team, the imporvements still not shown on the front end, while they're welcome your suggestions all the time. This is a little confusing. Review collected by and hosted on G2.com.

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

Signifyd has a great pool of data that helping reveiw orders. They see much bigger pictures than I can do for my team. With the help of Signifdyd, they enable smaller team to manage bigger business needs. Review collected by and hosted on G2.com.