How to Block Prepaid Cards With Stripe (Step by Step)
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Do you want to block prepaid cards with Stripe?
Prepaid cards are often used in financial scams. Unlike reloadable cards, some prepaid cards don’t require users to provide personal information, which makes it convenient for fraudsters for money laundering.
In this article, we’ll show you how to block prepaid cards on your website from making payments.
Blocking Prepaid Cards With Stripe
Using Stripe Radar is the easiest way to block prepaid cards. Stripe Radar is a tool built-in with all Stripe accounts to protect your business from fraud.
To block prepaid cards with Stripe, you’ll need to use Radar for Fraud Teams.
For Radar for Fraud Team, Stripe charges 2¢ for accounts with standard pricing.
Let’s take a look.
Prerequisite: Start Accepting Payments on Your Site
Still not accepting Stripe payments on your site?
Then go ahead and install WP Simple Pay, the best Stripe plugin for WordPress.
WP Simple Pay makes it easy to create a payment form and start collecting payments via 10+ payment methods, including bank transfer, credit/debit cards, and more.
With WP Simple Pay, before you set up a payment form, you’ll be prompted to integrate your website with Stripe.
You can check out the full WP Simple Pay features here.
Step 1: Sign Up for Stripe Radar
First off, log into your Stripe account and make sure you’ve switched your account to Live mode.
Then, click More in the navigation menu and then choose Radar.
Now, you’ll now be prompted to begin the free trial for Radar for Fraud Teams. Click on the Start your free trial button on the right.
Step 2: Add the Block Rule
Now that you’ve activated the free trial for Radar, let’s add the block rule and enable it.
Under the Enabled products section, click Radar for Fraud Teams.
Now, on the left sidebar, go to Rules. Then click the Add Rule dropdown and then click Add block rule.
Then, in the field that comes up, copy the below code as shown in the screenshot.
:card_funding: = 'prepaid'
Then click Test Rule to test the rule.
Then click the Add and enable button to create the rule.
Bonus Tip: Create More Block Rules
Stripe Radar allows you to add tons of block rules to prevent fraudulent payments.
For example, instead of blocking all prepaid card payments, you can add a rule, like only blocking it when payments are greater than $100.
You can also prevent payments from a certain location or block payments from cards issued outside your country.
We hope this article helped you learn how to block prepaid cards with Stripe.
If you liked this article, you might also want to check out how to prevent card testing.
What are you waiting for? Get started with WP Simple Pay today!
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