Wednesday, January 15, 2020

Industry Standard Monthly Credit Card Decline Rate

Doesn't anyone publish each month the credit card decline rate? They should, we'd all use it.

To explain...
I run an online consumer subscription which lives in the $20 per month world. Every month, sadly, some number of credit cards get declined.

Some months it goes up, some months it goes down. I often wonder if this has to do with something about how we, or our processor, are handling credit cards. But, if there were industry standard rates being published, we could see how we are doing vis a vis the industry.

Of course, to do it right, they could get increasing granular distinguishing between decline rates for debit cards and credit cards.  And for credit cards by different categories, perhaps by credit limit. Or some other segmentation. 

Does anyone know of such a thing?