Chargeblast has just launched it's Shopify Integration a privately listed app, while our public app on the Shopify App Store, is pending approval. This brings a pivotal technology to the Shopify ecosystem, and enables merchants to drastically reduce their dispute rates to near 0%. Chargeblast connects directly to major card schemes like VISA/Mastercard/Amex/Discover to issue notifications whenever a customer initiates the chargeback process.
In a world where friendly-fraud is top-of-mind for most ecommerce sellers, this technology will be critical for growing Shopify businesses.
Since the data is sourced directly from the credit card companies, alerts are guaranteed to turn into chargebacks if un-actioned. Coverage on VISA is near 99%, Mastercard 90%+ and Discover/Amex integrations available as well.
Chargeblast allows you to:
- Transaction Matching - alerts from Mastercard & VISA will be matched to your Stripe transactions. No more hunting down transactions one by one in Stripe.
2. Identify Apple and Google Pay transactions - Since products like Apple and Google Pay scramble the last 4 digits of card payments, these transactions can be difficult to track. Chargeblast uses cutting-edge ML algorithms to score and match transactions that are likely to be disputed from AP or GP transactions.
3. Billing Descriptor Override - for large merchants where transaction amount, date, and last 4 digits are insufficient to match transactions, you can set up several billing descriptors from within Chargeblast that will override the billing descriptors set in your Stripe account.
4. EFW Rules - for merchants needing additional coverage selling low ASP products, set up custom low early fraud warning rules to auto-refund specific transactions. Early fraud warnings are issued by Stripe and can be used as a cheap way to refund potential chargebacks. It's worth noting though that EFWs are only 60%
