CREDIT CARD DECLINE RECOVERY
CREDIT CARD DECLINES ARE A HASSLE. THEY’RE EXPENSIVE. THEY SLOW YOU DOWN, AND CUT INTO YOUR BOTTOM LINE, RIGHT? WELL NOT ANYMORE.
The End of High CNP Decline Rates
With Payfurther’s Decline Solution, we can decrease the number of card-not-present (CNP) credit card declines you encounter each month.
Prevent Transactions From Being Declined
Our Decline Solution decreases the likelihood that a transaction will be declined and increases the probability that a client’s future transaction will be approved. Since the number of declined transactions your business sees will be lower, your future transaction approval rates for each client will increase. By preventing transactions from declining, the Payfurther Decline Solution lowers transaction fees, reduces refunds and chargebacks, and mitigates your overall risk.
How Does Payfurther’s Decline Solution Work?
Payfurther’s Decline Solution utilizes an advanced statistical algorithm that can determine the optimal time and delivery method to process a transaction. The algorithm also gathers and analyzes information obtained from each transaction, so as it compiles the data from each transaction, it actually gets smarter. It learns from patterns in the data to increase its accuracy which means you see less credit card declines.