Retailers See Declined Payments but Miss the Second Chance to Save the Sale
By PYMNTS
AI summary of the source article
Commerce companies utilize intelligent retry logic on 41% of declined payments, according to an October report on payment recovery strategies.
Key facts
- Commerce companies use intelligent retry logic on 41% of declined payments.
- The 41% rate represents less than half of declined payments.
- The findings were published in the October edition of The Orchestration Advantage Series report.
Source excerpt · PYMNTS
Commerce firms can often see a payment fail. The opportunity lies in what they can do next. The PYMNTS Intelligence report “How These Industries Are Turning Payments Failures Into Recovers,” the October edition of The Orchestration Advantage Series, found that commerce companies use intelligent retry logic on 41% of declined payments, less than half the […] The post Retailers See Declined Payments…