Are False Declines Driving Good Customers Away?
Prevent False Declines, Stop Fraud, and Maximize Sales.
On average, 60 percent of declined orders are actually legitimate. These lost orders add up to $118 billion per year — 13 times more than losses caused by credit card fraud. And customers whose cards were falsely declined are unlikely to return … and very likely to tell everybody how unhappy they are with you.
In your efforts to prevent credit card fraud, are you losing more than you’re gaining?
In this eBook, you’ll learn:
- What the payment chain is and why you need to understand it
- The different opportunities for false declines that happen along the payment chain
- How to know if you have a problem with false declines and what to do about it