Our analysis of July data yields an estimated European failure rate on transactions of 24% compared to 25% in June 2021.
Although the improvement will be welcomed by merchants, the estimated failure rate is still higher than what the industry is aiming for.
Key Findings in This Update Include:
- Estimated average failure rate in Europe at 24% in July
- Estimated annual sales at risk of €75 billion, over 40 times the value of fraudulent transactions in the SEPA region in 2018
- The failure rate for Belgium is estimated to be at 42%, significantly higher than the European weighted average of 24%