Note that this is also done by 'carders' and so it can trigger bank's own fraud detection.
I've had this happen to me; a legitimate entity in the USA checked my card with a small fee (with my agreement) and my card was cancelled. Took me a week to get it back.
Not foolproof, but is a help. Also... another reason to use a credit card for all online purchases... it's not your money, and almost always will be refunded in full if disputed (at least in the US). Bank cards/debit cards are your money, and you might have a fight on your hands with your bank if it's a large enough charge.
Do you have plans to support other processors and/or integrate natively with ecommerce platforms like Shopify, BigCommerce and 3dCart?
A button to click in the Ecommerce Platform Admin page for an order that triggers this extra verification would be game changing for many ecommerce companies.
Is there a specific platform you are using that you'd like to see us add next?
Great looking product, and a great idea! Love it!
We developed UpUp as a payment verification tool to quickly let customers demonstrate ownership of a payment method and get their transactions approved. In the 4 months we've been using UpUp, we've had a 100% success rate in legitimate customers verifying their accounts and completing purchases. We've also been able to approve more transactions, as we no longer have to wait for customers to provide multiple documents before approving their transactions.
We're launching UpUp as its own stand-alone tool for helping any business verify transactions and combat fraud. We're launching with a Stripe integration today, making it seamless for any Stripe user to add UpUp's fraud verification service.
[0] https://www.fetchtruck.com