Signifyd Reviews & Product Details

Recent Signifyd Reviews

Anna K.
AK
Anna K.Small-Business (50 or fewer emp.)
4.5 out of 5
"Now orders get protected automatically and I love it"
Signifyd’s help with payment disputes is very valuable to us. When customers claim they didn't receive their items, Signifyd resolves the issue, re...
AF
Abdul F.Mid-Market (51-1000 emp.)
4.5 out of 5
"Automatic fraud protection saves us tons of time everyday"
We enjoy Signyfyd’s automatic fraud alert system which identifies suspicious orders before we go ahead to process them. Connecting Signifyd with ou...
RL
Roger L.Mid-Market (51-1000 emp.)
5.0 out of 5
"Signifyd anti-fraud protection that has saved us more than once"
The first thing I liked was it accuracy since its implementation. I also noticed a considerable reduction in chargebacks. I also like that it analy...

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
Show LessShow More
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

Signifyd

Description

Signifyd provides an end-to-end Commerce Protection Platform that leverages its Commerce Network to maximize conversion, automate customer experience and eliminate fraud and consumer abuse risk for retailers. Its solutions provide the transparency and control that brands need to succeed in the rapidly changing world of commerce. Signifyd, which is the leading provider of payment security and fraud prevention for the Top 1000 Retailers for
0
4, is headquartered in San Jose, CA, with locations in Seattle, Denver, New York, Mexico City, São Paulo, Belfast and London.

Overview Provided by:

Signifyd Integrations

(3)
Verified by Signifyd

Pricing Insights

Averages based on real user reviews.

Time to Implement

2 months

Return on Investment

8 months

Average Discount

10%

Perceived Cost

$$$$$
View More Pricing Information

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.
Play Signifyd Video
Play Signifyd Video
Play Signifyd Video
Play Signifyd Video

Official Downloads

Answer a few questions to help the Signifyd community
Have you used Signifyd before?
Yes

321 Signifyd Reviews

4.6 out of 5
The next elements are filters and will change the displayed results once they are selected.
Search reviews
Hide FiltersMore Filters
The next elements are filters and will change the displayed results once they are selected.
The next elements are filters and will change the displayed results once they are selected.
321 Signifyd Reviews
4.6 out of 5
321 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
G2 reviews are authentic and verified.
JF
eCommerce Director
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 Signfyd because it gives us peace of mind knowing order are being processed in real time with a system that leans and adapts. Weve seen a significant reduction in charge backs, which directly impacts our revenue and operations. I liked the integration with their platform because it was quick and easy, and the dashboard is intuitive, allowing you to quickly see the status of each transaction and make informed decisions if intervention is necessary. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

I dont have much to say. If I had to mention something that could be improved, it would be the customization of the rules, it could be a bit more flexible, and I understand that part of that value will lie in allowing the system to make automated decisions based on machine learning. Review collected by and hosted on G2.com.

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

Weve been using it for quite some time in our eCommerce, and so far the experience has been quite positive because its a robust solution that keeps us protected with its good fraud detection features and works well, which is good for everyone and beneficial. Review collected by and hosted on G2.com.

AF
Fraud Prevention Specialist
Information Technology and Services
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

We enjoy Signyfyd’s automatic fraud alert system which identifies suspicious orders before we go ahead to process them. Connecting Signifyd with our platform enables us to track transactions in real time as other part of our process. What I most appreciate is that, it directly integrates with our payment processors and gives us comprehensive reports to enable us to act efficiently. Signifyd has automated our process by reducing much of the manual fraud assessment time. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Signifyd is fantastic at identifying fraudulent activity but suffering from too many occurrences of “false positives”. At times, nevertheless, valid directives are erroneously marked, and additional steps are required, leading to delays. In this scenario, it can be annoying, especially when our sales are on the rise, and we must move promptly. Notably, there are occasional hiccups on integrating Signifyd with our older systems meaning that there is a little lag in order handling. Review collected by and hosted on G2.com.

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

Through Signifyd, we’ve changed everything about how we handle adresed fraud. As long as we did, we wasted much time investigating suspicious orders, which resulted in shipping blanket being delayed. With Signifyd we no longer have to do the fraud detection and approvals ourselves; it does both so comfortably and easily. Bandwidth in our team is now available to do more important tasks, and chargebacks have been significantly reduced. This new efficiency and security are just too valuable to be replaced. Review collected by and hosted on G2.com.

Anna K.
AK
Revenue protection specialist
Apparel & Fashion
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

Signifyd’s help with payment disputes is very valuable to us. When customers claim they didn't receive their items, Signifyd resolves the issue, relieving us of the need to gather proof. As a result of this support, our staff feel less stressed. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

I'm worried about Signifyd because it sometimes rejects real orders. Repeat customers can get flagged as suspicious, and we must check to ensure they aren't blocked. Being slow to react can harm our sales. Review collected by and hosted on G2.com.

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

Thanks to Signifyd, we have fewer losses related to fraud and our online business is more secure. Dealing with chargebacks was common for us, largely due to stolen credit cards. Since our finance team completes risk assessments, they have more time to plan and less time arguing over cases. This gives our sales staff peace of mind during busy times since they don't have to worry about orders that might cause issues later on. Review collected by and hosted on G2.com.

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

The first thing I liked was it accuracy since its implementation. I also noticed a considerable reduction in chargebacks. I also like that it analyzes each request almost instantly and gives us a clear answer; accept, reject, or review. It also offers a guarantee for certain requests, which gives us great peace of mind. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

The only negative thing has been that in some cases the automatic rejections seem to be too strict with new customers. Review collected by and hosted on G2.com.

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

Signifyd does the work for us, weve improved results, were more focused on selling than chasing fraud, we have fewer charge-backs, a faster review process, and much more confidence in taking on large or high-risk orders. Review collected by and hosted on G2.com.

LP
Fraud Prevention Specialist
Wholesale
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

My favourite is that Signifyd automates my e commerce platform. It goes so smoothly with it integrating with our payment gateway and order management system. An area of machine learning pointedly squeezing the accuracy of it in fraud protection spares us of precious user time and effort on manual reviews. Secondly, it also is very good to know that it is like a cover to fraudulent transactions, which has taken away the most of our financial risk. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

While Signifyd works well, particularly at high order volume times, slowing it down will lead to delayed order processing. It is frustrating on both our team and our customers. For smaller businesses or newer ones, the price is too high for the pricing and, therefore, becomes less viable for companies on a smaller budget. Review collected by and hosted on G2.com.

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

The problem of fraud detection being managed manually can be time consuming and prone to errors as Signifyd solves this problem. Every order is reviewed automatically to make sure that no fraudulent transactions fall through the cracks. It has been serving our team with saving a lot of hours of manual work and reducing the chargebacks a lot. This also allows us to reduce the fraud happening on our platform, and increase the trust you have in our platform as we know you’re protected from it. Review collected by and hosted on G2.com.

JB
Fraud Prevention Manager
Financial Services
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

I love how much stress it takes off the plate of identifying potentially fraudulent orders when it comes to Signifyd. Previously, we spent time writting orders from scratch, it felt like a guessing game. Signifyd handles it now and instant alerts when there is something not quite right. It also gives us the assurance in accepting orders that we did not have the confidence to without the help. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

With Signifyd I would say that the one of the things I would improve is the edge cases. It sometimes signals legitimate orders and we have to spend extra time scrutinizing them. This is not dealbreaker, but it is a simple hassle especially with too much happening. Moreover, the customer support team could take some time before they respond once there are issues, and it’s frustrating that we require fast responses. Review collected by and hosted on G2.com.

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

Reducing the risk of fraud without slowing down our sales process is what Signifyd has been a lifesaver for us. It would be headache before every order puts it in use as fraudulent ones. With that, Signifyd has now flagged risky transactions, so we are now able to decide relatively quickly whether to move forward with an order or not. We’ve gotten a lot more confidence with our decision making and a lot more time that we would have spent calling again ourselves to verify orders. Review collected by and hosted on G2.com.

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

It has managed to secure all chargebacks, and over the years I've used it, I've liked many things about it, such as the interface, the easy integration into payment processes, and the fact that it hasn't caused any problems. This is something I love about Signifyd. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

As I said before, Signifyd doesn't cause any problems and thats why there are no problems. Review collected by and hosted on G2.com.

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

Its been very helpful in curbing fraud, reducing all of that with its good features like fraud protection, its easy to use and it solved those problems, and well, all of that is beneficial for everyone. Review collected by and hosted on G2.com.

CB
Fraud management specialist
Online Media
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

One offer that stands out for advanced fraud protection and chargeback management is Signifyd. The machine learning algorithms are incredibly good, they massively reduce false positives as well as ensuring that legitimate transaction went through. For instance, during their peak shopping periods, the system automatically spots and verifies suspicious transactions thus cutting off hours from the manual review. It is also a plus that it works well with the most popular e-commerce platforms. You set it up pretty quickly and start protecting your transactions immediately. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Signifyd's initial setup can be a bit complex, especially for users who are not familiar with fraud management systems. The interface, while powerful, could use some simplification for beginners. Additionally, the customer support response times can vary, which can be frustrating when you need immediate assistance. However, once you get past the initial setup, the benefits outweigh these minor inconveniences. Review collected by and hosted on G2.com.

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

Fraud and chargebacks were something that would always eat up time managing, before Signifyd. The review of flagged transactions was time consuming and error prone as I had to go through each flagged transaction and review it manually. Most of the heavy lifting is done by the automated system now. In real time, transactions are approved or denied to escape the risk of fraudulent activities. It has freed us to transform it into a bigger and better business, as a result, dramatically improving our operational efficiency and customer trust. Review collected by and hosted on G2.com.

KM
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?

It was easy to integrate, and that was what I liked the most. In addition to giving us more security, we were able to process oders form new customers with much more ease. I love the console panel and the code numbering. Lastly, it reduces credit card fraud. Thats what we were looking for, and we achieved it with Signifyd. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Ive only had a few setbacks with some clients and we need to implement the correct data for the evaluation. Review collected by and hosted on G2.com.

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

In general, the experience has been very positive since we incorporated Signifyd. Their system has been very useful for detecting and protecting against fraud in e-commerce, and it significantly reduces order processing time, which is incredible. Review collected by and hosted on G2.com.

HD
Fraud Analyst
Information Technology and Services
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
Rating Updated ()
What do you like best about Signifyd?

The benefits Signifyd provides to me include detecting and preventing fraudulent activities. The real-time machine learning system successfully detects transactions to stop errors which satisfy customers. Our dispute resolution system operates at high speed through our chargeback management system which allows us to function more efficiently. The reporting tools and analytics provide essential decision-making insights to us through a direct connexion with our e-commerce system. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

System configuration requires a significant amount of work to finish. A system's successful implementation requires staff knowledge in transaction patterns as well as technical expertise. The high price structure of ERP prevents small companies from implementing it successfully. The learning process for beginners becomes smoother when they realise the system provides more advantages than initial challenges. Review collected by and hosted on G2.com.

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

Our company operates fraud detection more efficiently by using Signifyd. The excessive number of false fraud alerts led our business to lose potential customer sales which made those customers unhappy. The system stops unauthorised transactions while maintaining legitimate orders. Signifyd enables our team to process marked transactions automatically which previously needed extensive manual reviews. Our team can concentrate on vital responsibilities because of this system to generate increased profits and satisfied customers. Review collected by and hosted on G2.com.