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Overcoming Payment Declines: Recoup Revenue and Boost Conversions

One in ten eCommerce dollars is declined during payment authorization. 70 percent of these orders are placed by legitimate customers who can afford to make the purchase. Payment declines in some verticals are up to three times higher than the normal rate of payment declines. How good orders that fail authorization can be redeemed to grow revenue can be used to recover lost revenue, including how good orders can be redeemed to increase revenue. This presentation explains this invisible problem, and provides tips on recovering lost revenue and how to avoid it.”]

Source: https://www.healthcareinfosecurity.com/overcoming-payment-declines-recoup-revenue-boost-conversions-a-13359

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