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Payment Fraud Prevention

Stop Payment Fraud Before It Costs You

Payment fraud is one of the fastest-growing business risks in Ethiopia. VeriPay gives Ethiopian businesses a real-time layer of protection against fake receipts, forged transfers, and dishonest customers.

How VeriPay Prevents Payment Fraud

1

Require a reference, not a screenshot

Set a standard: customers provide their transaction reference number, which VeriPay checks against real bank data.

2

VeriPay checks in real time

Every reference is verified against Telebirr, CBE, CBE Birr, or Abyssinia records — a check no fraudster can fake.

3

Fraud stopped before the loss

Fake references fail instantly. You keep your goods, your money, and your time.

A Complete Fraud Prevention Layer

Real-Time Fraud Detection

Every payment is checked against live bank records before you take any action. No delays, no manual checks.

Covers All Major Payment Channels

Telebirr, CBE, CBE Birr, and Bank of Abyssinia — the four payment methods most exploited by fraudsters in Ethiopia.

Team-Wide Protection

All staff verify payments through the same system, eliminating the weakest-link problem of one employee being deceived.

Fraud Evidence Record

INVALID verifications are logged with timestamps and references — evidence you can share with authorities if needed.

Payment Fraud Prevention FAQ

Protect Your Business from Payment Fraud

Real-time fraud prevention built for Ethiopian businesses. Free to start, no setup required.