Velocity check
This control allows to limit the purchases made in a shop within a defined period or to be alerted as soon as the velocity of transactions made with a given card exceed the amounts predefined by the merchant.
- Open the Settings > Risk assessment > [your shop name] menu.
- Search for the box Velocity check.
- Select the control mode from the drop-down list.
By default, No control is selected. No checks are carried out in this case. To activate this setting, you absolutely must choose a control mode from the list (informative or blocking).
- Proceed to the configuration of the velocity control parameters:
- Check the box Maximum amount authorized if you wish to limit the amount of each order. In this case, you must enter the maximum authorized amount.
Example: if you enter an amount of €1000, the buyer will be able to place as many orders as they wish as long as the amount of each order is lower than €1000.
If the order amount exceeds the maximum authorized amount, then, depending on the control parameter configuration, either an alert will be raised or the payment will be refused.
- Enter the reference period in number of days.
- Check the box Maximum total amount for several orders if you wish to limit the order amount for a specified period. In this case, you must enter the total maximum authorized amount.
Example: if you enter a total amount of €1000, the buyer will be able to place as many orders as they wish as long as the total amount of these payments for the specified period is lower than €1000.
If the total amount exceeds €1000, then, depending on the control parameter configuration, either an alert will be raised or the payment will be refused.
- Check the box Number of accepted payments if you wish to limit the number of payments accepted over the specified period. In this case, you must enter the maximum authorized number of payments.
- Check the box Maximum amount authorized if you wish to limit the amount of each order. In this case, you must enter the maximum authorized amount.
- Click Save to take the configuration changes into account.