Stay Ahead with FastoSafe's Crypto Fraud Prevention Solution
As a merchant in the adult, gambling, CBD, or another high-risk sector, you might turn to cryptocurrency for its speed and global reach. But without proper protection, you can quickly become a target for sophisticated fraud schemes. At FastoSafe, we safeguard high-risk merchants who accept crypto payments with robust crypto fraud prevention solution
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Types of Crypto Fraud You Might be Facing
Payment Fraud
There's chargeback fraud (friendly fraud) where fraudsters dispute legitimate crypto payments or use stolen credit cards to buy crypto and then blame merchants. There's also crypto tumbling: Criminals use "mixers" to obscure the origins of illicit funds, which can lead to compliance risks for businesses.
Identity & Credential Theft
Like phishing, where attackers impersonate regulators or payment platforms to steal private keys or customer information, causing major financial losses.
Automated Fraud & Cyber Attacks
Like bot-driven fraud where automated bots execute card testing, create fake accounts, or launch cyberattacks like DDoS and credential stuffing to exploit vulnerabilities in payment platforms.
How FastoPayments Ensures Crypto Transaction Security
Protecting your business from crypto fraud requires real-time intelligence and automated defense mechanisms. FastoSafe combines AI-driven fraud detection, blockchain tracing, and compliance tools to help high-risk merchants safeguard their transactions. Here’s how we keep your payments secure:
AI-Powered Blockchain Fraud Prevention Software
Our AI engine screens every transaction automatically, learning your normal business patterns and identifying anomalies immediately. We flag suspicious activities like unusual transaction volumes, potential card testing, or deposits from questionable sources before they impact your business.
Crypto Tracing
FastoSafe traces cryptocurrency flows to assess risk levels. We check incoming funds against blacklisted wallets and known mixer addresses, helping you identify potentially laundered crypto or scam proceeds. This integration allows you to verify if payments originated from compromised exchanges, sanctioned entities, or privacy mixers, protecting you from handling tainted funds.
KYC/AML Compliance
Our platform includes straightforward KYC verification features (ID verification, document uploads, and biometric authentication) along with automated AML screening against global watchlists. We apply additional scrutiny to high-risk accounts and large transactions, helping you maintain regulatory compliance while storing verification data securely for audits.
Real-time Alerts
You receive instant notifications when suspicious activity is detected. Each alert includes detailed information about why a transaction was flagged, such as geolocation mismatches or connections to previous fraud cases.
The Cost of Doing Nothing About Crypto Fraud
Ignoring crypto fraud can put your entire business in danger. Lost revenue, frozen accounts, and legal trouble can add up fast, making it harder to stay in business. And once your reputation takes a hit, winning back customer trust isn’t easy. Here’s what’s at stake if you don’t prevent fraud:
Stolen Revenue and Goods
Fraudulent transactions and friendly fraud siphon off your revenue. You may lose digital goods or services to fraudsters without payment. Each fraud incident not only equals lost sale value but also the associated customer acquisition cost and inventory (if you're shipping physical products).
Frozen Accounts
High chargeback ratios or fraud rates can lead payment partners and crypto exchanges to freeze your funds or terminate your account. Merchants with too many chargebacks may see accounts closed or funds held in reserve, leaving you without cash flow.
Fines and Jail Time
Without proper KYC/AML checks, you risk unknowingly facilitating money laundering or other financial crimes. This can bring heavy fines and legal action from regulators. For example, if your crypto payments are traced to illicit activities due to lack of oversight, authorities could impose penalties or even criminal charges.
Damaged Reputation
News of fraud or frozen funds spreads fast. Customers and partners lose trust if your platform is seen as unsafe. Reputational damage in tightly-regulated industries is hard to undo. Customers might fear using your site, and banks or payment processors will be hesitant to work with you in the future.
Getting Started with FastoSafe
FastoSafe integrates directly with your payment gateway, working in the background to stop fraud without disrupting customer experience. The setup is simple:
Sign up for a free fraud risk assessment.
Connect FastoSafe to your existing payment system.
Start protecting your transactions instantly.
Hear From our Customers
“As a CBD e-commerce owner, I struggled with chargeback fraud and had my crypto exchange account frozen twice before. Since implementing FastoSafe, fraudulent orders have dropped to near-zero. We get instant alerts on anything suspicious, and their KYC tools helped us identify a repeat scammer using multiple emails,” CBD store owner.
“Our online casino deals with high volume and high stakes, which is what makes it a perfect target for fraudsters. FastoSafe’s real-time monitoring and blockchain analysis have been a game changer. We’ve caught and blocked several transaction laundering attempts, saving us from regulatory nightmares,” global gambling site owner.
FastoSafe has earned the trust of hundreds of high-risk merchants worldwide. We’re proud to be the chosen fraud prevention partner for adult content platforms, gaming sites, and emerging crypto businesses that demand top-notch security.
Ready To Protect Your Crypto Payments From Fraud?
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FAQs About Crypto Fraud Prevention
Why should I accept cryptocurrency as a high-risk merchant?
Cryptocurrency offers fast, borderless transactions with lower processing fees than credit cards. It also reduces the risk of chargebacks since crypto payments are irreversible. For high-risk industries like gambling and CBD, crypto allows businesses to avoid banking restrictions and offer alternative payment options to customers who prefer privacy.
Are chargebacks possible with crypto payments?
Not directly. However, fraudsters use indirect methods such as buying crypto with stolen credit cards, then disputing the charge. If a merchant accepts crypto from such sources, their exchange or payment processor may freeze their funds.
How do I stay compliant with AML regulations?
Merchants in regulated industries (CBD, gambling, financial services) may need to track crypto transactions, verify customer identities (KYC), and report suspicious activities to remain compliant with AML regulations.
Should I block transactions from privacy coins like Monero or Zcash?
Privacy coins obscure transaction details, making them a tool for fraudsters laundering funds. Some merchants ban privacy coin payments entirely to avoid compliance risks, while others use advanced blockchain analytics to assess risks case by case.
What happens if my crypto payment processor freezes my funds due to fraud suspicion?
If your account is flagged for fraudulent transactions, your funds may be temporarily frozen while an investigation is conducted. To prevent this, ensure your payment provider is fully compliant with AML regulations and use fraud monitoring tools to flag risky transactions before they escalate.
