Vesta and Stripe team to combat fraudulent transaction
By Delisha Fernandes
Vesta, a transaction guarantee platform, has partnered with Stripe, a financial infrastructure platform for businesses, to enable a comprehensive fraud prevention and risk protection solution that indemnifies merchants from losses from fraudulent transactions.
Under the partnership, Vesta Payment Guarantee, which provides 100% indemnification from fraudulent chargebacks, will incorporate Stripe Radar risk scores to offer a comprehensive fraud and revenue protection option to increase transaction approval rates and thwart first-party and third-party chargebacks. This is particularly attractive to merchants who are at-risk due to high fraud or excessive disputes. Merchants can access Vesta Payment Guarantee on Stripe App Marketplace in H1 2024.
“We couldn’t have asked for a more symbiotic partnership,” said Ron Hynes, CEO of Vesta. “Vesta and Stripe share a goal of making online transactions as simple and worry-free as possible, and collaborating with Stripe allows Vesta to directly reach more merchants with what we love to do – help them grow revenue and eliminate the losses from fraud.” Hynes adds, “The real winners here are the merchants we will jointly serve.”
Vesta delivers unparalleled approval rates and a frictionless customer experience while eliminating chargebacks and other forms of digital fraud. Vesta brings a deep understanding of the world’s most serious threats and challenging markets. Additionally, Vesta will integrate Stripe Connect, which lets businesses facilitate purchases and payments between third-party buyers and sellers. With Stripe Connect, Vesta merchants and their customers will have a holistic solution that mitigates fraud and risk while processing payments quickly and securely.
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