Case Study: SourceNext reduces fraud and boosts revenue with Stripe

SourceNext works with Stripe to combat credit card fraud

SourceNext, a long-standing ecommerce business with more than 20 million registered users, was struggling with rising maintenance costs, complex payment processing, and fragmented fraud prevention on its aging website. After a major system overhaul, the company turned to Stripe to improve checkout performance and strengthen security while supporting its diverse product promotions and sales methods.

Using Stripe’s Payment Element and Stripe Radar, SourceNext embedded payments directly on its site, automated manual tasks, and centralized fraud review with 3D Secure 2.0 where needed. With Stripe, SourceNext achieved a 0.02% chargeback rate in the first six months and, after removing outdated fraud logic, drove a 15% year-over-year revenue increase.

SourceNext

Fuyuki Takasawa

Former Chief Information Officer and Current Technology Advisor