Take the necessary steps to fight online fraud and recover revenue globally. Delegate risks and complexity to focus on your core business without the extra task of chargebacks monitoring. Nexway provides fraud protection for enterprises to yield seamless customer experiences and optimize business operations.
Worldwide eCommerce fraud detection & prevention market size is predicted to grow 17% to $48bn in 2023
Organizations lose 5% of revenue to fraud each year
Chargeback handling cost is from $20 to $100 per incident
Friendly fraud has risen between 20% and 30% in 2022 across the global market
Expand your digital business. Accelerate good and block bad transactions to ensure high authorization rates and customers keep transacting
Nexway supports 90+ various payment methods processing in 140 countries. Be safe everywhere
Prevent the loss of time and money. Nexway prevents, manages, and resolves chargebacks and disputes on your behalf
Boost customer conversion and reduce friction with a safe and localized checkout experience while keeping data secure
An efficient hybrid approach to provide an optimal experience for customers
Three separate fraud risk scores are computed and averaged for every transaction via the Nexway platform.
1. Automatically approved
2. Automatically rejected
3. Flagged for manual review
is used to review data and potentially fraudulent risks for accuracy and efficiency
Nexway uses sophisticated algorithms to detect and prevent fraudulent transactions analyzing patterns of behavior and identifying suspicious transactions, such as multiple transactions from a single IP address or unusual purchase amounts.
are in charge of controls, manual reviews, and the creation of new rules based on emerging types of fraud
Manual reviews confirm or infirm the risk score issued by machine learning. The manual review process creates more data to further train the machine learning system’s algorithm and achieve more accurate results to develop new rules as trends evolve.
are one of the most effective ways to fight chargebacks successfully.
Nexway works with chargeback alert networks that collaborate on a global level with card issuers and merchants to prevent chargebacks
Here is the process of a disputing chargebacks with Nexway
1. Customer disputes a chargeback
2. Issuing bank notifies the alert provider of the dispute
3. Nexway receives the alert and takes action
4. Nexway notifies the alert network that the dispute has been resolved
5. Alert network notifies the issuing bank
Several solutions can help minimize the risk of fraud and chargeback, such as implementing 3D Secure, fraud detection monitoring, address verification services, credit card verification code validation, and beyond. Nexway as Merchant of Record already has all of these solutions in place to help you run a more prosperous, efficient, and profitable eCommerce business.
We are using Nexway monetization technology with the support of their team of eCommerce experts. They have demonstrated on multiple occasions their ability to overcome the complexity of enabling consistent & high-performance online sales experience while easing the pain on the user side.
We have integrated Nexway as the Merchant of Record for our VPN Pro service, which has allowed us to ensure our users have a good payment experience with customized flows and designs, and various payment methods.
With the great support of Nexway, we created with Nexway our Bitdefender Reseller Portal. Be built it over the time and continuously implemented new features to improve the capabilities our the user experience.
The FNAC Starter Pack in-app store solution for delivery and renewal was a joint collaboration between FNAC-DARTY and NEXWAY. Our resellers needed a viable, long-term solution allowing them to both enhance the end-user experience within a branded digital environment and increase subscription renewal rates.
NEXWAY takes service to the next level as Merchant of Record for its customers worldwide for processing payments, managing global taxation, and maintaining PCI compliance. They truly know how to fuel strategic account development on a global scale, all with a local, market-specific scope. That is what attracted us to them above everything else.
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