The partnership aims to deliver a comprehensive fraud prevention and risk protection solution. This collaboration brings together Vesta’s expertise in eliminating chargebacks and digital fraud with Stripe’s advanced payment processing and risk assessment tools.
Vesta excels in transaction guarantees for online purchases, offering unmatched approval rates and a seamless customer experience. The company’s expertise spans various industries, including e-commerce, travel, financial services, and telecommunications, providing them with 100% guaranteed transaction protection against digital fraud.
Under this partnership, Vesta’s Payment Guarantee, which indemnifies merchants from fraudulent chargebacks, will incorporate Stripe Radar risk scores. This integration aims to enhance transaction approval rates and address challenges like first-party and third-party chargebacks. Merchants can expect to access Vesta Payment Guarantee on the Stripe App Marketplace in the first half of 2024.
Additionally, Vesta will integrate Stripe Connect to help businesses facilitate transactions between third-party buyers and sellers. This collaboration ensures a comprehensive solution for merchants, blending fraud mitigation with efficient and secure payment processing.
“We couldn’t have asked for a more symbiotic partnership,” said Vesta CEO Ron Hynes. “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 added, “The real winners here are the merchants we will jointly serve.”
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