Everchanging chargeback prevention landscape: How avoided.Io safeguards revenue with real-time fraud detection

by avoided.io

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Avoided.io was founded with a mission to eliminate the financial and operational burdens caused by chargebacks and fraud. In an era where digital transactions are booming, merchants face escalating chargeback rates, revenue losses, and reputational damage. Traditional fraud prevention tools are slow, reactive, and often ineffective. We saw a need for a proactive, real-time solution that prevents disputes before they become chargebacks. Avoided.io bridges this gap by leveraging Ethoca and Verifi alerts, empowering merchants to act swiftly, recover lost revenue, and safeguard their businesses from financial crime. Our vision is to create a secure, fraud-free digital economy where businesses can grow without fear of chargebacks or fraud.

The ultimate solution for chargeback prevention and fraud management

Avoided.io is a comprehensive chargeback prevention and fraud management platform designed to protect merchants from revenue loss, operational strain, and reputational damage. Our solution integrates real-time alerts from Ethoca and Verifi, allowing businesses to detect and prevent fraud before it escalates into costly chargebacks.

Key features

  • Real-time fraud alerts: Receive instant notifications when issuers flag suspicious transactions, enabling proactive fraud prevention.
  • Automated chargeback management: Streamline the dispute resolution process with pre-set rule automation, reducing manual intervention and speeding up resolutions.
  • No-code integration: Quick and seamless deployment without technical complexity, suitable for businesses of all sizes.
  • Comprehensive reporting and analytics: Real-time dashboards provide actionable insights into transaction patterns, fraud trends, and dispute outcomes.

How it works

Avoided.io continuously monitors transactions using data from Ethoca and Verifi to identify potential fraud. Merchants receive alerts in near real-time, allowing them to take preventive actions such as halting fulfillment or issuing refunds. The platform automates dispute responses based on customizable rules, ensuring timely and accurate evidence submission.

Proven results

Avoided.io reduces chargebacks by up to 80% and safeguards merchant accounts from penalties and revenue loss. Our no-code solution integrates seamlessly with existing systems, providing businesses with a proactive defense against fraud and chargebacks.

The challenge: escalating chargebacks and fraud

Avoided.io addresses the escalating challenge of chargebacks and fraud, which cost merchants billions annually. In the digital payment landscape, merchants face:

  • Rising chargeback rates: Driven by card-not-present fraud, friendly fraud, and unauthorized transactions, chargeback rates are increasing, impacting revenue and profitability.
  • Operational strain: Manual dispute handling is time-consuming, resource-intensive, and prone to human error, slowing down the resolution process.
  • Financial losses: Merchants incur substantial costs from chargeback fees, lost inventory, and revenue forfeiture, directly impacting their bottom line.
  • Reputational damage: High chargeback ratios jeopardize merchant accounts, leading to higher processing fees or even account termination.

Why avoided.io is unique

Avoided.io stands out as the most proactive and comprehensive chargeback prevention solution, offering a unique combination of features that differentiate us from traditional fraud prevention tools:

  • Real-time fraud detection and alerts: Leveraging Ethoca and Verifi, Avoided.io provides near real-time fraud alerts directly from issuers, enabling merchants to act swiftly before transactions escalate into chargebacks. This proactive approach prevents up to 95% of chargebacks.
  • Automated chargeback management: Our platform automates the entire chargeback process, from alert notification to dispute resolution, reducing manual intervention and operational costs.
  • No-code integration: Avoided.io is designed for seamless, no-code integration, allowing businesses to deploy the solution without technical complexity or costly development.
  • Multi-card network support: Avoided.io supports fraud alerts and dispute management across major card networks, including Visa, Mastercard, American Express, and Discover, providing comprehensive protection for global merchants.
  • Comprehensive reporting and analytics: Our real-time dashboards offer actionable insights into fraud patterns, chargeback trends, and operational efficiency, empowering merchants to make data-driven decisions.

Key use cases

  • E-commerce chargeback prevention: Prevents card-not-present fraud, unauthorized transactions, and friendly fraud for online retailers.
  • Subscription-based services: Reduces chargebacks due to recurring billing disputes and unrecognized subscription charges.
  • Travel and hospitality: Prevents chargebacks from fraudulent bookings, cancellations, and no-shows, protecting revenue for travel agencies and hotels.
  • High-risk sectors: Safeguards digital goods, gaming, crypto, and financial services from fraud-related chargebacks.

Target market

Avoided.io targets merchants in medium-risk and high-chargeback industries, including:

  • E-commerce and retail: Online stores, marketplaces, and luxury retailers.
  • Subscription services: SaaS, streaming platforms, and recurring billing businesses.
  • Travel and hospitality: Airlines, hotels, and online travel agencies.
  • High-risk sectors: Digital goods, gaming, crypto exchanges, and financial services.

Engagement and success stories

Avoided.io engages with financial institutions, banks, and payment service providers through strategic partnerships and seamless integrations. Our collaboration with Ethoca and Verifi allows us to provide real-time fraud alerts and chargeback prevention solutions to merchants globally.

Success stories

  • E-commerce merchant: Achieved a 45% reduction in chargebacks within three months, saving over $60,000 annually.
  • SaaS platform: Reduced recurring billing disputes by 60%, safeguarding subscription revenue.
  • Travel agency: Recovered $35,000+ in revenue by preventing fraudulent bookings.

Join us in redefining fraud prevention

Avoided.io is setting a new benchmark for fraud prevention and chargeback management in the digital economy. By shifting the industry from reactive fraud defense to proactive prevention, Avoided.io empowers businesses to grow without the fear of fraud or chargebacks.

Discover how Avoided.io can safeguard your revenue and revolutionize fraud management today.

 

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