Automatic new attempt to process a charge after a decline, made with different parameters or a different route, without requiring action from the buyer.
Smart retry is the automatic new attempt to process a declined charge, made with different parameters, such as another acquirer or a different route, without the buyer having to do anything. To the buyer, the purchase is simply approved; the first decline is never noticed.
A meaningful share of declines in international transactions are temporary or specific to one route, not a definitive decline from the issuing bank. That's the type of decline smart retry can recover.
Approval rate is the number that decides the month. A ten point difference in that rate is ten percent of revenue you already paid traffic for and never collected.
Wellington CostaGlobal Payments Specialist
Mundpay processes payments in 190 countries with local currency checkout, a human risk team and fast payouts. Open an account and test it against your own operation.
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Writes about payment infrastructure, checkout conversion and chargeback reduction. Works directly with digital product sellers, affiliates and creators selling to more than 40 countries through Mundpay.
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