With PeachPay for WooCommerce, you can require 3D Secure on Stripe card purchases. This is a guide on how to activate this feature within the PeachPay payment settings.

Forcing 3D Secure in the Stripe settings

  1. Go to PeachPay settings → Stripe → Manage, for the card payment method.

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  1. Check Force 3D Secure at the bottom of the settings.

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  1. Click Save changes.

How 3D Secure reduces fraudulent payments

Credit card theft poses a significant threat to ecommerce stores. Having stolen cards used on your store can negatively affect your reputation with payment processors. By forcing 3D Secure, you can benefit from the following advantages:

1. Two-factor authentication: 3D Secure implements an additional verification step, such as a one-time password or biometric authentication, to authorize transactions. This reduces bot attempts to exploit payment gateways.

2. Enhanced transaction validation: With 3D Secure, customers are redirected to their card issuer's authentication page, ensuring an extra layer of validation for transactions. This protects businesses and customers alike.

3. Liability shift: Enabling 3D Secure shifts the liability for chargebacks in favor of the merchant if the transaction is successfully authenticated. This reduces financial burdens and acts as a deterrent for fraudsters.

Conclusion

Forcing 3D Secure for Stripe through the PeachPay settings allows your store to fight bot attacks and fraudulent activities. By following the provided steps, your store can enhance the security of its payment processing, safeguard customer data, and minimize financial losses due to fraudulent transactions.