The impact of rejected transactions on businesses

Denied transactions cost a lot of money to businesses. According to several studies, in most cases when a card was denied, only 25% of consumers returned to try the purchase with another method of payment, while 39% directly abandoned it.

Online businesses often have unexpected problems, complaints, and returned products that will have to be packaged and sold again. However, behind each problem there are several possible reasons for the consumer, and many (often negative) consequences for the company.

In our previous post, we talk about returns. In this second part we will talk about chargebacks and their impact on stores.

Online businesses often have unexpected problems, complaints, and returned products that will have to be packaged and sold again. However, behind each problem there are several possible reasons for the consumer, and many (often negative) consequences for the company.

In this first article, we will talk about returns, and what impact has on the stores.

In our previous post we talked about the Millennial generation and the three questions we should ask ourselves about them to achieve success in our e-commerce.

In this post, we will talk in depth about how they like to pay Millennials and how they like to receive money, as well as some tips for digital payments.

The generation that knows how to best use new technologies are Millennials. It’s no secret that the change in global e-commerce is up to them because they increasingly use less cash and drive innovation in the digital payments industry.

If you want your business to be successful, the choice of the payment gateway is crucial. According to data from the Institute of Ecommerce Studies Baymard, 68.6% of the visitors close to the checkout leave without completing the order.