Unfortunately, merchants can't control all the declines that occur with their customers while purchasing and know the exact reason for failed transactions, as most decline responses are generated by the bank without specified information. In some cases though, the transaction may be declined due to block rules that consider the transaction fraudulent by a number of reasons.
Merchants can decrease the likelihood of declines by helping their customers to pass through completing the correct card data such as card number, CVC code, expiration date, etc. with adding validation check option on the payment page.
Also, Maxpay provides the merchants with effective Conversion tools:
Retry logic - a tool using which it is easy to increase conversion by retry billing after unsuccessful payment or canceling the subscription, based on the different decline reasons.
Discount logic - a tool that allows to build up a discount policy for your customers. This logic will be extremely helpful for such declines as insufficient funds.
To learn about Maxpay Conversion tools click here.
If you have any questions please contact us at firstname.lastname@example.org.