Fraud Prevention and Chargeback Protection

Posted on
January 22, 2020
David Sessoms

Getting paid just got more secure! Spring's updated payment system allows you to accept payments from cards supporting 3D Secure. 3D secure is a protocol supported by some (not yet all) cards that allows banks to verify customers before a transaction.

Why is this great for you?

  • Europe ready. Your company will be Strong Customer Authentication (SCA) compliant, allowing you to easily operate in the Europe and stay ahead of similar requirements in the US.
  • Reduced fraud. The extra layer of authentication provided by 3D secure cards means that stolen card will have much harder time getting into your system.
  • Chargeback protection. When a 3D secure card is authenticated the liability of the chargeback (who's responsible if your customer disputes a charge) shifts to the bank, preventing the need to provide unnecessary details to prove your charge is valid.

If you want to read more about 3D secure, you can read Stripe's overview.

Ready to kick start your business?