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You CAN PROFIT from Insufficient Funds Errors—Here's How
Manage episode 456362979 series 2867413
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Insufficient funds, error code 51 in your payment gateway, doesn't have to the end of that customer's journey. Aside from the obvious, here's what insufficient funds can mean and 4 ways to save the sale and profit from these customers.
0:00 Intro
0:47 Insufficient Fund Declines
1:36 Why Insufficient Funds Happen
3:53 Strategies to Save the Sale
5:30 #1 More Payment Modes
7:02 #2 BNPL
7:51 #3 Installments
9:48 #4 Low-Cost Offer
11:17 Outro
DO NOT HONOR ERROR: https://youtu.be/6gDW8RVhLdA
ISSUING BANK DECLINES: https://www.youtube.com/watch?v=8h24Crsa9ng
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