REDUCING CREDIT CARD DECLINES FOR RECURRING BILLERS
CREDIT CARD DECLINES CREDIT CARD DECLINES HAPPEN FOR MANY REASONS. EXPIRATION DATE RETRY LOGIC CAN RECOVER A PORTION OF THESE DECLINES, AND ALONG WITH CREDIT CARD UPDATER PROGRAMS, THEY CAN HAVE A SIGNIFICANT IMPACT ON REDUCING DECLINES.
SUCCESSFUL PROCESSING RATES SPACE OUT THE NUMBER OF RETRIES [TYPICALLY NOT MORE THAN 6] OVER 3-6 DAYS. TESTING OF SUCCESSFUL PROCESSING RATES MAY OFFER AN OPTIMAL COLLECTION RETRY SCHEDULE.
RECYCLING LOGIC IT WOULD NOT BE UNUSUAL TO COLLECT 10%+ OF YOUR DECLINED REVENUE USING CREDIT CARD RECYCLING LOGIC.
MULTI-PRONGED STRATEGY ONE STEP OF A MULTI-PRONGED STRATEGY TO MITIGATE THE SIGNIFICANT CHALLENGES THAT CREDIT CARD DECLINES PRESENT.
CLIENT ACQUISITION STRATEGY ALWAYS BE ON THE LOOKOUT FOR AN EDGE YOUR COMPETITION DOES NOT OFFER, AND LEVERAGE THAT IN YOUR CLIENT ACQUISITION STRATEGY.
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