Approval Rates: Working With Your Supply Chain to Improve the Customer Experience

Event Date: 07.08.2020
Contributor:
Toby McFarlane
Toby McFarlane
Categories

1 in 5 declined transactions are made by genuine customers with sufficient means to pay. Research also shows that 52% of consumers will go to a direct competitor if their payment is unsuccessful. Addressing these issues is critical for merchants, even more so when considering the increase in ecommerce volumes due to COVID-19. However, with a vast array of tools, solutions and vendors available to merchants, all claiming to offer the best approval rates, how do merchants go about selecting the right one and avoid paying for something they don’t need?

In this webinar hosted by the Merchant Advisory Group (MAG), our approvals experts will explore the true causes of false declines, explain the different tools available to merchants, and provide practical tips which you can take away to help increase your approval rates.

Click here to register for the webinar on the Merchant Advisory Group website.

You Might Also Be Interested In These...

Resources
07.27.2021
Insights Magazine from CMSPI – July 2021 Edition Available Now

Our latest edition of Insights Magazine includes analysis of the challenges the payments industry and retailers alike face.

Read More >
Blogs
08.02.2021
Despite Regulation, Global Card Fees Continue to Grow and Threaten Merchants (Insights Magazine, July 2021)

CMSPI analysis suggests that overall fee changes scheduled for 2021 and 2022 could generate over $1.1bn in additional annual costs for U.S. merchants.

Read More >
Blogs
08.02.2021
The Good, the Bad, and the Ugly: Buy Now, Pay Later (Insights Magazine, July 2021)

Often considered an alternative to traditional credit, BNPL seems attractive on the surface, but adopting BNPL requires investigation on a case-by-case basis.

Read More >
Blogs
06.25.2021
EMV Liability Shift: What are the Chargeback Trends?

CMSPI is tracking the changes to fraud and chargebacks and the trends speak for themselves: chargebacks have tripled since January.

Read More >
Register on the Merchant Advisory Group website