Simplex processes its partners’ payments and protects them from online payment fraud. We determine whether a transaction is safe for processing via our real-time machine-learning system. If it’s safe, we process the payment.
When Simplex approves a transaction, it is guaranteed. The merchant can safely supply the product to the customer, with escrow if necessary, and without worrying about chargebacks. If for any reason a fraud related chargeback does occur, that’s our business. Simplex will cover it.
This process is described in the following diagram:
Simplex’s technology has been meticulously designed to provide the highest level of security and peace of mind for online merchants, marketplaces and payment platforms, while enhancing user comfort. Using Simplex, the whole payment process remains secure and fraud-free both for the customer and the provider.
We focus on processing and protecting our clients’ payments, so that they can focus on their core business.
Let’s compare Simplex to in-house solutions: