Accidental churn (payment failure) is an invisible problem that is the single largest driver of churn across subscription companies.
Failed Payment & Involuntary Churn
Every month, subscription businesses are losing 1-4% of their customers, pointlessly. For a business doing 100,000 transactions a month, with an average transaction value of $10, that could mean a loss of $15m in cumulative revenue over five years.
Stemming from failed, expired, and delinquent credit cards businesses are pointlessly losing a lot of money every month.
What Can You Do About It?
We offer to help customers reduce failures with built-in dunning management, account updater & retry logic
Identify
Pre-built analytics integrated with your subscription platform - we identify accounts which needs to be optimized
Manage
For those accounts, we reduce failture with dunning management, account updater and retry logic
Measure
Measure outcome & churn rates related to payment issues
Monitor
We perform on-going monitoring to be proactive on your active accounts
WHY TO CHOOSE OPTIMAPAYMENT?