Subscription charges typically require that a credit card be maintained on file for the duration of a subscription. The reality of managing recurring billing is that over time, most credit cards will be declined as credit cards expire, are canceled, or cardholders exceed their credit limit.
Probably not a surprise to anyone right? But what might be, is just how much revenue is lost to failed transactions, it’s a lot. The Infographic below shows just how much.
Fusebill can help. Our service proactively reduces passive churn through a variety of ways that payment gateways just aren’t able to. If you’d like significantly decrease the amount your business loses to failed transaction, take a Fusebill Free Trial or call 1.888.519.1425 to speak to one of our experts.