Although approximately 15% of ecommerce orders fail because card issuers decline authorization, up to 70% of those declined payments may be from legitimate customers, according to data from Riskified. If merchants hope to retain customers and increase online revenue, they need a payment process that doesn’t decline real payments or alienate legitimate customers.
In this Playbook, we explore low authorization rates, why they occur, and the steps it takes to raise them. Learn how partnering with risk management experts can have an immediate impact on your payment authorization rates, and the questions you should ask when vetting a potential partner. Read now to learn more about: