Stripe Radar is a fraud prevention tool developed by Stripe to help eCommerce businesses prevent and reduce online financial fraud. It uses an advanced algorithm to assess 1000+ elements of a potential transaction to find whether it is fraudulent or not. The entire process is obviously complex, but works efficiently in less than 0.1 seconds.
Businesses can configure different rules and protocols to protect themselves from fraudulent activities, reduce chargeback rates, and provide a secure payment experience for their customers.