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Recover Payment Related Cart Abandonment
Using OptimaPayment's Analytics & Workflow Engine
As a merchant, a declined card means losing out on a sale that was already in the bag. It’s a real bummer. What are some of the potential reasons, and what can you do to recover the sale in question?
Who decides if a card transaction is approved or rejected?
The credit card issuer (bank) approves or declines the card transaction. When a charge fails, the issuer sends an error code to the merchant. These credit card decline codes can be helpful in understanding why a payment hasn’t gone through. There are hundreds of these decline error codes - Here is a list of top 5
Code 51
Insufficent Funds
Code 65
Credit Limit Exceed
Code 63
Wrong CVC
Code 41 & 43
Lost & Stolen
Card Pickup
Code 05
Don't honor
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