Case Study: Hyperikon (US LED lighting manufacturer) eliminates $50k in fraud costs and gains $80k in revenue with Bolt

Hyperikon - Customer Case Study

Hyperikon, a U.S.-based manufacturer and seller of commercial LED lights, was losing revenue to fraud: targeted by fraud rings, facing about $50k in chargeback costs in summer 2017, rejecting orders with mismatched addresses and manually contacting 1 in 6 customers. To address this, Hyperikon turned to Bolt for fraud protection, checkout optimization, and Bolt’s Second Chance Verification.

Bolt implemented complete chargeback coverage and automated Second Chance Verification, eliminated thousands in fraud software costs and manual review hours, and improved the checkout experience. With Bolt, Hyperikon saw fraud costs wiped out ($50k), a 6% lift in checkout conversion, zero hours spent on manual review, and $80k in newfound revenue in the first three months.

Hyperikon

Nicklas Brandrup

Founder and Owner