Independent of the company’s payment gateway, Decline Salvage uses proprietary logic to analyze and re-submit declined credit card transactions for an approved authorization. Thus, Decline Salvage enables merchants to maximize their approval rates on recurring billing requests and recover revenue otherwise considered uncollectable. The approval rate on previously declined transactions results in a 4 to 10 percent average recovery.
Declines result when a card issuer denies an attempted transaction on a card and decline salvage occurs on transactions where a merchant has already attempted payment authorization several times and failed.
Decline Salvage does not intend to replace a merchant’s existing decline recycling procedure, offering instead an additional tool to assist merchants in retaining revenue from their existing clients.
Verifi’s suite of services enables transaction risk management and mitigation, cardholder authentication and chargeback re-presentment for all major credit card brands.
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