I'm getting a lot of great email on credit card processing. It used to just stress cheap cheap cheap. People sent me email about devices and other stuff of no relevance. Now, the mail is much more relevant. Check this one out.
According to VISA, 23.6% of your entire pool of subscription transactions would have declined in the last year. Mastercard also reported recently that over $400 billion dollars were lost to false declines and involuntary churn in the last 12 months alone.
FlexPay's solution to this growing problem? We use AI to invisibly recover payment failures and involuntary churn for subscription businesses, increasing the decline recovery rate by 70% and customer lifetime value by 45%!
Any idea if failed payment recovery is something you'll look to optimize in the future?
Happy to share what our clients are doing to stop the bleeding, but I wanted to check to see if this was something you might be open to?