Running an e-commerce business is a big learning experience for many young-trepeneurs. In order for it to be successful, it needs to be efficient most especially revenue-wise. Most revenue generation relies on credit card transactions and failures are a major source of big profit dips which causes businesses to close.
Recurly explains in their infographic below how you can recover lost revenue due to credit card declines. In addition, they also created a Recovery Calculator to check how much revenue you can recover by preventing failed transactions via credit cards.
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