Trench: Open source fraud prevention platform for marketplaces
Summary
We used to work at startups that let you purchase NFTs/crypto via credit card/ACH, and we spent a lot of our time there fighting payment fraud.Fraud vendors cant solve fraud for you. They have a thousand other customers to worry about.At one point, fake NFT sellers on our marketplace accounted for 90% of our fraud, but none of our vendors cared about sellers, let alone NFT projects.To reduce fraud, we needed to build new tools and processes that were completely specific to us, like reviewing NFT sellers and analyzing blockchain activity.But existing vendors lock you in.Because existing fraud vendors are hosted and closed-source, its a nightmare to build around them: You cant integrate your own data. To retrieve our own payments data from our vendor, we had to write web scrapers because there was no API or export button.Trench grows with your business and doesnt lock you in. You have full control and access to your data, and you can respond to fraud without asking third parties for permission. You can deploy a dashboard and rule engine in one click and you can collect device data with one line of JS.If youre a marketplace, Trench can help you: Prevent buyer and seller fraud in one platform Set transaction limits for both buyers and sellers Automatically assess payments based on both buyer and seller data\U0001f440 How do I get started?You can set up Trench in two steps: Deploy an instance of Trench in minutesVisit our repo to get started or talk to us and well do it for you.Wed love to chat if youre a marketplace thinking about fraud or if you find yourself building a lot of fraud tools in-house: founders@trytrench.com