How to Choose the Right Fraud Prevention Tools for Your Payment Gateway: A B2B Guide

The value of eCommerce fraud will rise from $44.3 billion in 2024 to $107 billion in 2029, a growth of 141%. - Juniper Research

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Is fraud sneaking into your payment gateway? Don't panic, you can take action. One way is to choose the right tool. In modern B2B businesses, with cybercriminals growing smarter by the day, choosing the right fraud prevention tools for a payment gateway has become critical.

A new study from Juniper Research, the foremost experts in fintech and payment markets, has revealed that the value of eCommerce fraud will rise from $44.3 billion in 2024 to $107 billion in 2029; a growth of 141%.

Every business faces different types of fraud risks depending on its industry, size, and customers. That’s why using a generic solution often fails to provide the protection you really need.

Tailored strategies for preventing fraud will ensure that businesses have safe online payments and minimal risk of harm from legitimate transactions in turn. Some tools are offering real-time fraud prevention to detect suspicious activity as it happens before any damage is done.

Let’s explore what matters when choosing your fraud solution.

What to Consider in a Fraud Prevention Tool

Choosing the appropriate fraud prevention tools for a payment gateway requires a clear understanding of the essential features. Knowing how to choose a fraud detection solution can determine the distinction between secure transactions and expensive chargebacks. Let's analyse the key factors you need to focus on.

1. Real-Time Detection

Real-time fraud detection tools assess transaction data instantly, identifying questionable activities before they are processed. This results in reduced false positives, enhanced customer experiences, and a more robust security against changing fraud patterns. It is highly important in sectors such as e-commerce and fintech, where every moment matters.

2. Gateway Compatibility

Regardless of how sophisticated a tool may be, it serves no purpose if it doesn't seamlessly connect with your payment systems. Make sure the chosen solution is compatible with major gateways and can be tailored to fit your existing infrastructure.

3. Flexible APIs

A fraud detection API for businesses must be flexible and have a straightforward process to integrate. Growing rapidly or managing a complicated technology framework requires an adaptable API to enable you to integrate fraud detection without completely restructuring your entire setup. A thorough fraud detection API comparison can help highlight which providers offer customisation, advanced risk analysis, and easy integration with your existing platforms.

4. Risk Scoring

Risk scoring provides a numerical value for every transaction according to its level of suspicion. This score is determined by multiple elements such as user behaviour, transaction records, location, and device signals. An effective fraud prevention solution should provide adjustable risk thresholds, enabling you to automatically approve, flag, or deny transactions based on the score.

Device & IP intelligence

Device and IP intelligence involves recognising the user's device (such as a phone, laptop, or tablet) and examining their IP address to uncover patterns or irregularities. An effective fraud detection tool can identify returning devices, spot faked locations, and highlight questionable actions such as utilising VPNs, proxies, or inconsistent geolocation.

Common Pitfalls to Avoid

Choosing the right B2B fraud prevention software isn’t just about checking boxes—it’s about avoiding the traps that can leave your business vulnerable. While many tools promise protection, not all are built equally. Overlooking the ability to identify high-risk ASN can leave your business exposed to coordinated fraud attacks. Here are some common missteps businesses make, and how you can sidestep them.

1. Over-Relying on Outdated Methods

Legacy systems may have worked a decade ago, but fraudsters today are smarter, faster, and constantly evolving. Sticking to outdated fraud prevention methods like manual reviews or rule-only engines can do more harm than good. Most of the businesses that experienced fraud were using outdated systems without AI or behavioural analytics, according to fraud prevention reports by firms like IBM and Experian.

Read More: The Future of Fraud Detection: AI and Machine Learning Advancements.

Modern B2B fraud prevention software uses AI, machine learning, and behavioural insights to adapt in real-time. Failing to upgrade puts your gateway and customers at risk. For businesses concerned about compliance, especially during customer onboarding, IBAN validation also plays a key role in KYC and AML efforts.

2. Ignoring Geographic Risk Data

Overlooking the significance of IP geolocation fraud detection is a significant mistake. Geographic information can assist you in quickly identifying high-risk areas or suspicious user actions, such as login attempts from unknown countries or discrepancies between billing and IP addresses.

Using and understanding the benefits of IP Geolocation for Your Business stops fraud before it happens instead of just responding after it does, thus minimising the risk of undetected fraudulent transactions.

3. Choosing Cheap Tools Over Accuracy

It's appealing to save funds, particularly for startups, but ignoring investing in fraud prevention can lead to an expensive mistake. A tool that provides partial information or slow replies might result in greater losses than the savings it generates. Inexpensive tools frequently do not include advanced functionalities such as BIN lookup tools or real-time behavioural analysis.

Greip as a Case Example: The Complete Fraud Prevention Solution

When it comes to fraud prevention tools, Greip stands out as a comprehensive solution tailored for B2B businesses. Let’s analyse how Greip’s functionalities align seamlessly with the most efficient fraud prevention tactics.

1. Built-in IP Geolocation & BIN Checks

One of the most powerful features of Greip is its IP geolocation fraud detection. By using advanced IP geolocation technology, Greip quickly flags any transactions that don’t match the expected geographic location. This is a vital tool in today’s world of increasingly sophisticated fraud attempts.

In addition, Greip offers BIN lookup tools, verifying card details against the Bank Identification Number (BIN) to detect any mismatched or fraudulent card transactions in real-time. These tools help provide an extra layer of verification, ensuring you’re only processing legitimate payments. And when used alongside advanced techniques like IBAN validation, fraud detection becomes even stronger, as detailed in this article: Reducing Fraud Risk in SEPA Transfers with Advanced IBAN Validation Techniques.

2. Easy API Integration

For companies aiming to establish effortless fraud protection, Greip’s fraud detection API for businesses provides one of the simplest integrations. By adding only a small amount of code, you can incorporate Greip’s real-time fraud prevention technology into your current systems, ensuring no interruption to your payment gateways or checkout procedures.

3. Business-Friendly Pricing

Greip ensures effectiveness and cost efficiency. Although certain premium fraud prevention solutions can come with a hefty price tag, Greip provides a variety of adaptable pricing options tailored for companies of all sizes. Regardless of whether you run a small e-commerce shop or a large fintech business, Greip offers a B2B fraud prevention software solution that adapts to your requirements without straining your budget

4. Trust Signals: Speed, Coverage, and Uptime

Greip stands out in speed, handling transactions swiftly with little to no delay, which is vital for ensuring a positive customer experience. Greip guarantees that your customers' data remains secure regardless of their location. Additionally, Greip has a remarkable uptime history, which ensures that your fraud prevention system is constantly operational and prepared to defend against threats.

Checklist for Evaluating a Fraud Tool

When determining how to choose a fraud detection solution, it's simple to become overwhelmed by technical terminology or bold marketing claims. This is why we developed a straightforward checklist to enable you to confidently evaluate the suitable fraud prevention tools for payment gateway integration.

1. Is it designed for B2B use?

Choose B2B fraud prevention software capable of managing large transaction volumes, intricate user behaviour, and comprehensive risk evaluation for businesses.

2. Does it offer real-time protection?

You need real-time fraud prevention to identify and stop threats before they affect your business.

3. Can you validate cards accurately?

Focus on the built-in BIN lookup tools feature to verify the authenticity of payment cards and help you avoid expensive chargebacks.

4. How good is the API?

Assess the fraud detection API for businesses regarding its integration simplicity and adaptability. Conduct a brief fraud detection API comparison to see how it ranks among competitors.

5. Does it detect location-based risks?

If operating globally, IP geolocation fraud detection is essential. It alerts on logins or transactions from suspicious areas.

6. Is there pricing transparency?

Seek transparent and adaptable plans that align with your needs without unexpected costs.

Conclusion

In today's digital-first economy, choosing the right fraud prevention tools for payment gateway integration isn't just a best practice but also a business necessity. From real-time threat detection to API flexibility and geolocation checks, the tools you choose today will shape the security of your transactions tomorrow.

How do you choose a fraud detection solution?

Choose in line with your business model, customer journey, and risk tolerance. Promoting secure online payment for businesses is essential to maintaining trust and rectifying undue losses. Among the best fraud prevention tools 2025, Greip emerges as a standout solution. With built-in IP geolocation, reliable BIN lookup features, flexible APIs, and business-friendly pricing, it ticks every box on your evaluation checklist.

Try Greip today or explore its powerful API. See for yourself how it can protect your business while keeping your user experience fast and secure.

References:

eCommerce Fraud to Exceed $107 Billion in 2029

The Future of Fraud Detection: AI and Machine Learning Advancements

Identifying High-Risk ASN Networks: A Must-Know for Fraud Prevention Teams

Reducing Fraud Risk In SEPA Transfers with Advanced IBAN Validation Techniques

The Role of IBAN Validation in KYC and AML Compliance For Businesses

Discover the 5 Game-Changing Benefits of IP Geolocation for Your Business

Top 5 Fraud Detection Tools in 2025