Order Risk Analysis

The Order Risk Analysis feature of this Shopify application helps merchants assess the potential risks involved in fulfilling an order. It performs a thorough evaluation of the order's details and provides a risk score along with a risk level to inform your decision-making. This tool aims to reduce fraud, enhance order security, and ensure that your business operates with minimal risk.

Key Features:

• Risk Score: The system generates a numerical score that indicates the likelihood of the order being risky. The higher the score, the higher the risk.

• Risk Level: Based on the risk score, the application assigns a risk level to the order:

  • High: Indicates a high probability of fraud or other risks. It may require manual review or further verification before processing.
  • Medium: Suggests a moderate level of risk. These orders might be processed, but extra care and caution are recommended.
  • Low: Indicates a low level of risk, meaning the order is likely safe to fulfill without additional checks.

• Risk Assessment Explanation: Each risk analysis includes a detailed explanation of the factors that contributed to the assigned score and risk level. This could include:

  • Customer behavior (e.g., frequent returns or suspicious address changes).
  • Payment method used (e.g., new or high-risk payment providers).
  • Shipping address (e.g., mismatched billing and shipping addresses).
  • Order patterns (e.g., unusually large or urgent orders).

  The explanation helps merchants understand why the order was flagged and allows them to make informed decisions about how to proceed.

Benefits:

• Fraud Prevention: By identifying high-risk orders early, merchants can take proactive steps to prevent chargebacks or fraud.
• Data-Driven Decisions: The risk score and explanation provide actionable insights, helping merchants make informed decisions about whether to accept or decline an order.
• Customizable Risk Parameters: Depending on the business’s needs, the system may be configured to focus on specific risk factors (such as payment methods or customer location).
• Time Savings: The automated risk analysis reduces manual review time by flagging only the orders that require attention, streamlining the order fulfillment process.

By using the Order Risk Analysis feature, merchants can better protect their businesses from fraud, improve operational efficiency, and enhance customer trust by ensuring safe and secure transactions.