Stripe: Launches Chargeback Protection to insulate businesses

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Stripe: Launches Chargeback Protection to insulate businesses from the cost of fraudulent disputes

  • Businesses automatically reimbursed for both any disputed payments and any associated fees, no evidence submission required
  • Stripe today unveiled Chargeback Protection, a new service built on the company’s machine learning-based fraud tooling, Radar
  • A chargeback happens when a cardholder makes a claim to their bank or credit card company that a payment made on their card was fraudulent
  • With Chargeback Protection, businesses on Stripe are not only safeguarded against fraudulent charges
  • Also automatically reimbursed for the cost of a disputed charge and any associated fees—saving them time, money, and resources
  • Chargeback Protection will be available to companies in the US and Europe using the latest version of Stripe Checkout