Do you have many declined payments for your online store?

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bitheerani319
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Joined: Mon Dec 23, 2024 3:33 am

Do you have many declined payments for your online store?

Post by bitheerani319 »

Payment declines in online stores are a real nuisance for both merchants and buyers.

From the customer's side, there's nothing more frustrating than seeing their legitimate purchase blocked for no reason, while for online store owners, erroneous rejections can represent considerable lost sales. Let's see how to solve this problem below.

What are considered “erroneous rejections”?
Erroneous declines occur when a legitimate transaction is blocked by croatia phone number list fraud prevention systems. While these tools are crucial to protecting merchants from fraud, they can often be overly strict, to the point of declining valid, legitimate payments.

These payment rejections in the online store are also known as “false positives” and may turn out to be more common than it seems, affecting not only the customer experience, but also the store’s income. There are two types of erroneous rejections, let’s see what they are:

Final decline: The transaction is not processed in any way due to problems that cannot be resolved at that time.
Transient rejection: The transaction fails at the beginning, but can be successfully attempted again at a relatively near future time.
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