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The Latest Best Practices to Optimize Recurring Payments
Presentation
Recurring payments can increase revenue for merchants and present unique product offerings for customers. Merchants are advised to analyze their rejects for criteria such as day of the week, time of day, and number of retries, then formulate per-market policies, as customer behavior and other factors can impact results. Finally, merchants should consider alternative (non-credit card) payments methods for recurring payments, and stay current with both technologies, like account updater software, and scheme changes made by issuers.
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