1/25/2025

Top Fraud Prevention Apps for Shopify Stores in 2023

In the fast-paced world of eCommerce, SAFEGUARDING your online store against fraud is MORE crucial than ever. As more businesses shift to digital platforms, the threat of fraudulent activities— like chargebacks, account takeovers, and payment fraud—continues to grow. Shopify, one of the leading eCommerce platforms, offers a range of FRAUD PREVENTION apps that can help you to enhance your store's security and protect your hard-earned revenue. In this blog post, we will dive into the TOP FRAUD PREVENTION APPS for Shopify stores in 2023, highlighting their key features, benefits, and how they can help you fight back against fraud.

Why You Need Fraud Prevention Apps

E-commerce fraud COST retailers around $48 billion globally in 2023, which means NO business can afford to be complacent. Without the right fraud prevention tools, your Shopify store is vulnerable to DOZENS of potential fraud tactics. Here are a few key statistics to consider:

APP fraud accounted for 40% of fraud losses in the payment sector last year, as highlighted by the Payment Systems Regulator (PSR).
Over £580 million were stolen from UK businesses within the first half of 2023 alone, a stark reminder that the threat is REAL and present (UK Finance).

Given these numbers, integrating a robust fraud prevention solution is NO longer just an option—it's a necessity.

Top Fraud Prevention Apps for Shopify

Here is our HANDPICKED list of some of the BEST fraud prevention apps that will make it easier for you to protect your Shopify store from fraudsters in 2023:

1. SEON

SEON is an innovative fraud detection solution that utilizes REAL-TIME DATA ANALYSIS to identify fraudulent activities. With capabilities to analyze user behavior, email, phone, and credit card details, SEON aims to prevent chargebacks effectively. It offers:

Seamless integration with Shopify, making setup quick & easy.
Customizable fraud rules that adapt to your unique business needs.
A focus on data transparency, providing thorough analytics to improve your fraud strategy.

2. NoFraud

NoFraud offers a robust solution that protects against fraudulent orders by using a combination of AI technology & human expertise. This app provides:

Chargeback guarantees, meaning if you receive a fraud chargeback, they’ll cover the cost.
Customizable detection of various types of fraud, including discount/promo abuse and loyalty program exploitation.
An easy onboarding process that gets you started in MINUTES.

3. Signifyd

Signifyd is another top contender in the fraud prevention space. This app offers:

Guaranteed protection against fraud, and in cases of fraud-based chargebacks, Signifyd covers the cost.
A time-saving automation feature that allows merchants to fulfill orders faster without worrying about fraud risks.
Access to a wealth of analytics and insights to help refine your strategy over time.

4. FraudBlock

FraudBlock is a relatively newer app, rapidly becoming popular for its AI-driven fraud detection system. Key features include:

Automatic cancellation of high-risk orders to prevent losses.
Real-time decision-making gives you the confidence to accept payments promptly.
An easy-to-navigate dashboard for streamlined management.

5. Beacon

Beacon focuses primarily on chargeback protection while offering a comprehensive fraud prevention solution. Its features include:

A tailored chargeback protection strategy that handles high-risk orders seamlessly.
Access to instant insights and analytics for informed decision-making.
User-friendly interface that simplifies the management of disputes.

6. Fraud Control

Fraud Control helps businesses maximize their revenue potential while blocking known fraud attempts. It provides:

Comprehensive fraud detection that categorizes known fraud sources.
Simplified management of your operations through automation.
A system designed to adapt as outflows change and increase.

7. Blockify

Blockify gives an edge to Shopify merchants by providing a powerful IP blocker and fraud filter. This app allows you to:

Quickly block suspicious IP addresses to avoid potential threats.
Keep unwanted visitors out for a more secure checkout process.
Continuously update its database based on the latest fraud trends.

8. Chargeflow

Chargeflow is designed to assist merchants in automatically disputing chargebacks. Its perks include:

Automatic management of disputes, refining your business operations.
A thorough process that minimizes the TIME and MONEY spent on chargeback resolutions.
Use of advanced technology to analyze the case against chargebacks effectively.

Benefits of Using Fraud Prevention Apps

Utilizing these tools offers multiple benefits, such as:

Reduced Chargebacks: Many apps have built-in systems to stop fraudulent activities before they occur. This reduces the likelihood of born chargebacks, saving you money.
Enhanced Customer Trust: When your customers know that their data is secure, they're more likely to make purchases and return for future transactions.
Boosted Efficiency: Automated workflows cut down on manual labor, allowing you to focus on growing your business rather than worrying about security issues.
Data Insights: Knowledge is power! By understanding fraud patterns and customer behavior, you can refine your marketing and targeting strategies.
24/7 Protection: Fraud detection apps work around the clock, providing protection even during off-hours.

Promote Your Store with Arsturn

As you safeguard your Shopify store, consider using Arsturn to enhance your customer engagement. Arsturn enables merchants to create CUSTOM ChatGPT chatbots without the need for coding skills. Here are a few reasons to integrate Arsturn into your store:

USER-Friendly: Effortlessly create chatbots tailored to your business needs in just a few clicks.
DATA-DRIVEN Insights: Get actionable analytics that help you understand your audience better.
COST-EFFECTIVE: With plans that suit various business models, you can easily scale your chatbot as your business grows.

Integrating a chatbot into your Shopify store can help streamline communications, answer common customer queries quickly, and drive conversions—an essential part of enhancing your overall customer journey while ensuring security against fraud.

Conclusion

In 2023, protecting your Shopify store from fraud is NOT just an option, but a necessity. By utilizing top fraud prevention apps like SEON, NoFraud, Signifyd, and others, you’re not only guarding your profits but enhancing your customer’s shopping experience.

Don’t wait! Take proactive measures today to ensure your eCommerce store's security & to protect your business from fraud while integrating tools like Arsturn to boost engagement and conversions. The time is NOW to take control and protect your brand.

Stay safe, happy selling, & here's to a trouble-free eCommerce experience in 2023!