Did it ever happen to you? You're trying to make a purchase with your credit card, but it gets declined out of the blue.
You check your balance, your card details, and everything seems to be in order. So what went wrong?
We know firsthand how complex and challenging credit card transactions can be. From outdated information to insufficient funds and even fraudulent activity, there are over 2,000 things that can go wrong during a transaction.
And if you're running a business, these decline rates can lead to significant revenue loss and dissatisfied customers.
That's why I wanted to share some interesting data shared by Recurly on this topic. Discover more insights here