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Signifyd Reviews & Product Details

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
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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
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4, is headquartered in San Jose, CA, with locations in Seattle, Denver, New York, Mexico City, São Paulo, Belfast and London.

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Signifyd Integrations

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Verified by Signifyd

Recent Signifyd Reviews

DG
Darryl G.Small-Business (50 or fewer emp.)
4.5 out of 5
"Signifyd is an exceptional fraud detection product with a great user experience"
I like that its very useful and easy to navigate, so that when canceling an order, you can access it and see the reason for the cancellation. Its a...
FM
Frank M.Small-Business (50 or fewer emp.)
4.5 out of 5
"No more chargeback nightmares thanks to Signifyd's guarantee, it's amazing."
Signifyd is guaranteed fraud protection. It is great that in case they authorize an order and it happens to be a fraud they are 100% chargeback, wh...
MP
Marky P.Small-Business (50 or fewer emp.)
5.0 out of 5
"Signifyd is great because it guarantees 100% chargebacks"
What I liked most is that Signifyd can handle many functions, such as fraud management and chargebacks, and we have a much more comprehensive view....

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.
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Play Signifyd Video
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Official Downloads

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326 Signifyd Reviews

4.6 out of 5
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326 Signifyd Reviews
4.6 out of 5
326 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.

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

What I liked most is that Signifyd can handle many functions, such as fraud management and chargebacks, and we have a much more comprehensive view. I liked that we were freed from fraudulent orders and are very confident in using it. Overall, I love the interface and the support team, as they answered and resolved any questions we had early on. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Its been a good tool so far, and it hasnt caused any serious problems or anything. Thats why I like it. Review collected by and hosted on G2.com.

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

The biggest benefit is the peace of mid Signifyd gives us. I love it because it guarantees chargebacks, keeps us fully protected with its excellent features, and its been a great experience since we started using it. Review collected by and hosted on G2.com.

FM
Transaction monitoring analyst
Automotive
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

Signifyd is guaranteed fraud protection. It is great that in case they authorize an order and it happens to be a fraud they are 100% chargeback, which is a godsend in itself. Another huge gain on our part is the automation. Before Signifyd, we spent hours on end reviewing the suspicious orders manually but Signifyd has done a far better job which has cut down our fulfilment process considerably. It also minimizes unjust rejections catastrophically, which means that we won t be rejecting people who can make us money, who may have seemed shady to our outdated system, increasing our revenues. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

The price would most likely be my primary objection, the fees on extremely low average order businesses or those with closely margined businesses can easily total up. Review collected by and hosted on G2.com.

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

We used to struggle with online fraud, business was losing a lot of money to chargebacks and our team was under tremendous pressure to spend hours on the manual review of the suspect orders before we started using Signifyd. We even found ourselves being conservative to an extent that the good customers got frustrated as a result of false declines. Today, Signifyd has totally done away with such manual load and monetary risk on our part. Approval of orders is practically immediate, chargebacks on approved orders become history, and the increase in the genuine sales is noticeable. It enables us to concentrate completely on growth and customer experience instead of being afraid of each new order, which saved us tons of time and money. Review collected by and hosted on G2.com.

DG
Customer Service Coordinator
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

I like that its very useful and easy to navigate, so that when canceling an order, you can access it and see the reason for the cancellation. Its also very use-friendly. I also love the consoles user experience and the chargebacks process, but I really liked its ease of use. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

From my point of view it has been good, except that on occasion some legitimate orders have been flagged as fraudulent. Review collected by and hosted on G2.com.

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

The main thin it solved was the security issues and the lack of trust in sales. It significantly improved security by preventing fraudulent orders and resolving chargebacks, and it took the worry out of our hands. 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.

TR
Senior Director of Ecommerce
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Signifyd?

I liked it because it reduces fraud and increases sales and improves payments processes and truth became a fundamental tool because it works well and is very complete for online purchases and guarantees sales and everything is very good to avoid electronic fraud. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

My only advantage I think it is in the control panel sometimes the guarantee of an order is canceled. Review collected by and hosted on G2.com.

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

It is very useful to solve much likely in reimbursements and fraud avoidance in payment returns and charges in orders that approved. I love how Signifyd works really does a great job. Review collected by and hosted on G2.com.

ZJ
Fraud Prevention 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?

I like its comprehensiveness and incredibly powerful features, such as fraud detection, improved acceptance rates, and incredibly friendly customer service. Finally, I like that Signifyd uses a fully automated process to protect orders and prevent chargebacks. Review collected by and hosted on G2.com.

What do you dislike about Signifyd?

Just minor issues on certain occasions like false positives and they should improve the user interface a bit. Review collected by and hosted on G2.com.

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

Implementing Signifyd was a great decision because its a product that allows us to obtain a communication approval or decision, identify fraud, reduce friction, improve acceptance rates, and all of that in one great product. Its truly worth the benefits. 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.