For an online merchant, the most important measure of success is almost always the conversion rate: the more customers complete the checkout, the higher your revenues. But there is an equally significant metric that many merchants struggle with, that can impact your business: decline rates. Here are some ways businesses can combat credit card decline rates to ensure success.
PayPal and Visa have entered a strategic partnership and recently outlined a number of anticipated benefits from the collaboration. While industry observers suggest the move will expand PayPal’s acceptance at point-of-sale locations and drive more Visa transactions across PayPal’s digital payments platform, the ensuing analysis has primarily focused on the key implications for the payments industry and how the partnership is likely to impact consumers and merchants.
Online payments through digital wallets and debit/credit cards have been emerging as a preferred transaction mode in India, mainly due to ease of transaction, availability of smartphones and internet access, and enhanced security and encryption methods. Here’s how to make the most of this developing growth opportunity.
Worldpay is expanding in Australia after winning its license to process payments in what is one of Asia Pacific’s largest ecommerce markets. The company’s expansion in Australia comes at a time of sustained growth for Worldpay, which processed 13.1 billion transactions in 2015 valued at £401.9 billion (approximately $593.3 billion) in 2015.
