SEON makes its fraud prevention tool free for all

By Gloria Methri

With an aim to democratize the fight against online fraud, SEON has officially launched a ‘forever free’ version of its fraud prevention platform, making it accessible to all businesses operating online.

The free plan will help SEON support businesses across verticals, including iGaming, payments, BNPL, online lending, as well as crypto exchanges.

It will offer up to 2,000 API calls each month at a rate of two queries per second (QPS). The free version also includes email support from the company’s customer success team, comprising ex-fraud managers.

As usual, all new SEON users can access the fraud detection solution on a 14-day free trial. At the end of the trial, users will now be automatically moved onto a ‘forever free’ plan.

Speaking on the launch, Tamas Kadar CEO and Co-Founder of SEON said, “We are determined to tackle fraud head-on. To do this effectively, we need everyone to have access to sufficient tools and education, and we have therefore chosen to launch a ‘forever free’ version of our platform. This version will help us to serve a greater number of online businesses than ever before, and it is a major step towards building a truly fraud-free world.”

Alongside the free version, SEON continues to offer its Pro plan, which supports businesses that need to process volumes of transactions or data at speed. The Pro service is tailored to serve bulk calls in real-time responses at 10 QPS, or even faster.

“As a company, we make it tough for fraudsters by intelligently combining real-time API call social signals, phone, email, and IP lookup details with device intelligence and machine learning to uncover fraud patterns and discover revenue opportunities. We enable fraud prevention teams to go further with access to insightful, real-time data from one source,” said Kadar.

SEON continues to operate as the fraud prevention solution for companies like Revolut, NuBank, Afterpay, Patreon, Sorare, and mollie.