How to set up Notifications and Fraud prevention on Shopify

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It is undeniable that Shopify Payments is the most powerful platform online store owners could place their trust in for accepting online payments. With its wide range of useful, customizable integrated functions, you could now manage an entire business and financials at ease on the same platform.

After setting up Shopify Payments, a few simple steps to configure the tool would totally upgrade your user experience.

In this article, you would find detailed instructions with illustration on how to set up notifications and fraud prevention for Shopify Payments.

How to edit bank account information for Shopify Payments

To set up notifications and fraud prevention for Shopify Payments on Desktop

Step 1: Go to Payment providers

First, log in your Shopify account, go to the Settings section in your bottom left corner and select Payment providers.

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Step 2: Click Edit

As Shopify Payments has been enabled as a Payment provider, click the Edit button in this section.

Step 3: Customize your settings

A list of notification and fraud prevention settings are then shown as below. Select those options that best suit your liking.

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When you are done, click Save.

To set up notifications and fraud prevention for Shopify Payments on iPhone

Step 1: Go to Settings

After logging into your Shopify account, go to the Store symbol in the bottom right corner and select Settings.

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Step 2: Tap Payments

Next, in the Store settings section, a list of settings available to customize your store will be shown. Tap Payments.

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Step 3: Tap Edit

Tap Edit in Shopify Payments.

Step 4: Customize your settings

Finally, check or uncheck the notifications and fraud prevention settings provided to best suit your own needs:

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To finish, tap Save and you are done configuring your Shopify Payments notifications and fraud prevention.

Note: Should you find the terms from the Notifications and Fraud prevention checklist unfamiliar, take a look at the explanation below:

Notifications

Whenever Shopify Payment sends to your bank account a new payout, you will automatically receive an email from Shopify, which allows you to review the included order and customer details, as well as the payment amount and a link to the purchase in your shop. Check/Uncheck the box in Notification settings if you want to turn these emails on/off.

Fraud prevention

Shopify Payments is equipped with two fraud filters, AVS and CVV, to alert you if there is potential fraud in any order, which you can choose to either turn on or off:

Address Verification System (AVS)

AVS analyzes the numeric part of the customer’s billing address and zip code, and the information on file with the credit card issuer to identify if there is any mismatch. Enabling AVS would mitigate the risks of unauthorized users making purchases using their stolen credit cards.

Card Verification Value (CVV)

As the storage of the CVV code, or the 3 or 4 digit number on the back of a credit card, is prohibited by all credit card companies with no exception, the CVV is strictly entitled to card owners with their cards physically in their possession. Thus, in case credit card information is stolen from a merchant database, the incident of data leakage would be a bit less of a catastrophe, because the CVV information is not included in any stored source.

Conclusion

Above is the detailed guide with illustration on how to set up notifications and fraud prevention for Shopify Payments on Desktop, iPhone, and Android. I hope it somehow helps solve your concerns.

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