The Effects of Online Credit Card Declines in the U.S.

An independent study of 1k consumers found that 17 percent of consumers report having had their credit cards declined during card not present (CNP) transactions and as many as one-third of these declines were unnecessary. The result is consumer aggravation, increased operational costs for banks and credit card companies and as much as $40 billion in lost revenue for online retailers.  41st Parameter, a part of Experian, released the data from its TrustInsight division.

[Click to enlarge]