Stripe Radar is a powerful tool offered by Stripe that provides real-time fraud detection for businesses. It allows you to create customized rules or utilize built-in rules to take action when payments match specific criteria, ensuring enhanced security against fraudulent activities.
When to Enable Stripe Radar
All customers utilizing Stripe are HIGHLY recommended to enable Stripe Radar. The following are specific scenarios that Stripe Radar can help prevent.
False Accounts and Fake Payment Information:
If your business is experiencing false accounts created with fake payment information, Stripe Radar can help identify and block such activities.
High Chargeback Rates:
If you are receiving a high number of chargebacks from customers, Stripe Radar can assist in detecting potentially risky transactions.
Custom Rules with Stripe Radar
Stripe Radar empowers you to create custom rules to address specific fraud concerns. Some examples of custom rules you can set up include:
Geographic Restrictions
Block payments from locations or cards issued outside your country to mitigate cross-border fraud risks.
3D Secure for New Customers
Request 3D Secure authentication for payments made by new customers, adding an extra layer of security.
Machine Learning Risk Checks and Traditional Card Checks
Stripe's machine learning models evaluate high-risk payments, while traditional card checks verify CVC or Postal Code information.
Enabling Stripe Radar Block Rules
To set up and manage your rules effectively, you can use Stripe Radar's default lists or create your own. For instance, you may want to create a list of suspicious IP addresses and review payments originating from those IPs.
How to Enable Stripe Radar
To enable Stripe Radar, follow these steps:
Log in to Your Stripe Account: Access your Stripe account dashboard.
Go to Settings: Navigate to the "Radar Settings" section.
Pricing Information
Stripe Radar includes an additional fee, but accounts under the Standard Pricing plan currently have this fee waived. However, please note that this pricing policy may change, so it's best to contact Stripe directly for any questions related to their pricing.
Learn More and Contact Stripe
To learn more about the features and capabilities of Stripe Radar, you can click here. If you have any additional questions or need further information, feel free to contact Stripe directly for personalized support.
FREE Fraud Protection Block Rules from Stripe
While Stripe does charge a small fee for the full suite of Radar tools, you can enable Block rules completely for free. We HIGHLY recommend doing so.
You can enable Block Rules for the following:
Risk Level
Value Matching
CVC Verification Failure
Postal Code Verification Failure
We highly recommend you enable #3 and #4 on this list. When card information is stolen, often the CVC and Postal Code are not included making it much harder for bad actors to successfully charge these cards.
How to enable Block Rules
Log in to Your Stripe Account: Access your Stripe account dashboard.
Go to Payments.
Click on Fraud & Risk
Click on Rules
Scroll down to Block Rules and Enable.
