Layer 1 copy

I love that I don’t have to look at anything else for useful, actionable data. Sift is my one-stop shop. I can’t imagine what we’d do without Sift Science.

Maritza DominguezTrust & Safety at Patreon

Overview

  • International platform that connects artists and their fans

  • Global user base on web and mobile

  • Month-over-month growth

Challenge

  • Chargeback prevention is imperative

  • No prior fraud prevention measures in place

Solution

  • Automation using the Score API

  • Utilize the Console for easy investigation

Results

  • 95% reduction in fraud losses

  • Improved customer experience

Overview

Crowdfunding resource for creators

Patreon is an international platform used by artists ranging from musicians, webcomic artists, and Youtube content creators. It allows creators to obtain funding from their fans or patrons, on a recurring basis (subscription), or per work of art on a one time basis. Patreon can be accessed on mobile apps (android, iOS, regular mobile) as well as desktop. Through their wide reach, Patreon helps artists and creators to successfully make a living off of their work and to provide an exemplary experience to their users.

Challenge

Costly and growing fraud

Patreon’s work connecting fans with creators poses unique challenges, particularly around content, account, and payment fraud. Because their platform relies on the instantaneous transfer of funds – unlike in a traditional ecommerce model where a purchased good can be held while cardholder identity is verified – it is imperative to prevent payment fraud before it occurs. Payment fraud for Patreon comes in the form of either money laundering or traditional credit card fraud – and almost always, there are stolen credit card credentials at play. As their global reach grew, chargebacks and their resulting fees began to rise as well. Patreon, a young and agile company with no fraud prevention measures in place, needed a solution that could scale with the business and would ensure the user experience remained seamless.

Solution

Workflows that fuel automation

Patreon hired Maritza Dominguez for her experience in building, scaling, and managing a smart in-house fraud team. Having worked with Sift Science in the past – and having had great success automating on Sift Score accuracy and easy feature analysis – Maritza decided to try out the solution for Patreon’s unique business. Within just a few days of implementing Sift Science, Patreon had a fully customized model to best suit their needs. Utilizing Sift Science’s Score API, they were able to automate portions of their fraud management system and to block transactions over a certain score threshold; they use the Sift Score to easily view a user’s riskiness level. When Maritza needs to dive deeper, she investigates signals in the Sift Science Console, exploring key data points like user behavior, network visualizations of connected accounts, and important addresses linked to the user.

“Patreon trusts Sift Science. If Sift Science gives us a score of 90, we know that that’s fraud – there’s no need to double check. Our error rate is as close to zero as it can get.”

Results

Enhancing the user experience

With Sift Science, Patreon is able to focus on connecting creators with their fans; they now can feel more secure with who they can and cannot trust. Patreon reduced their fraud losses by 95% with Sift Science, and they have been able to maintain a low fraud rate even as the community grows. With Sift Science, Patreon can continue to be the platform that helps fans to support creators and no longer lose sleep at night about their growing fraud losses.

“Sift Science has made it easier to identify good folks and keep them happy. We love Sift Science!”