Revenue recovery tools
With more than one out of every six-card transaction failing for one reason or another, implementing strategies to reduce and/or recover declined authorizations is one of the best investments any recurring revenue-based business can make. Just as there are many reasons for payments to fail, there are numerous ways to prevent and recover them.
2Checkout provides recurring-revenue-based businesses with a comprehensive suite of revenue recovery tools, as well as the expertise and guidance to tailor and fine-tune your strategy to achieve industry-high revenue loss prevention and revenue recapture rates.
Revenue Recovery Tools are a set of unique features of the 2Checkout platform that are used for recovering and collecting transactional revenues lost due to poor authorization rates and includes, without limiting, the following:
| Feature | Basic | 2Recover Add-on |
|---|---|---|
| Account Updater external |
√ |
√ |
|
Multiple retries logic |
2 |
up to 6 (in addition to the 2 included in Basic ) |
| Pre-expiration billing | x | √ |
|
2Checkout Updater |
x |
√ |
|
Dunning management |
x |
√ |
|
Dispute prevention service |
x |
√ |
|
Authorization Dashboard |
Basic | Advanced |
