The calculator below can provide an idea regarding potential revenue lift and savings using a combination of strategies.
Proactive customer outreach to update card info
Using Credit Card Updater service
Retry logic with expiration dates and soft declines
Last Chance logic
Adding an ACH option: provides a significant improvement to collection rates and reduces processing fees.
Some assumptions: 60% of your declines are proactively or subsequently processed from using strategies above and you see an estimated 2.5% bump in customer retention rates.
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