Payment failure costs more than you think
A failed payment is just the beginning.
Bad debt, increased churn, and extra labour costs are quick to follow. Cash flow gets locked up. Customer lifetime value shrinks and cost of acquisition goes up.
And you’re stuck chasing payments instead of growing your business.
How much could you save by reducing your payment failure rate?
Use our calculator with three simple questions to find out much cash flow you could release by reducing your payment failure rate.
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Plum reduced payment failure to 0.48%
Money management app Plum chose GoCardless to build an automated billing system with low failure rates.
By switching to seamless account-to-account payments with GoCardless, Plum have seen their total monthly deposits increase by 131%. By adding Success+ to intelligently retry failed payments they’ve seen payment failures drop from 3.6% to 0.48%.
Lifestyle Fitness boosted revenue by recovering 71.6% of failed payments
Lifestyle Fitness collects thousands of monthly recurring payments. But failed payments were a persistent headache
With Success+, they drastically reduced failed payments, unlocked their cash flow and revolutionised the way they collect payments.
Report: Discover 3 ways GoCardless can maximise your payment success
You’ll find out how GoCardless can help you:
Avoid the 8% credit card failure rate (and why it happens in the first place)
Recover payments, even after an insufficient funds notification
Sidestep critical Direct Debit infrastructure failings that happen when you start scaling
Ready to conquer your failed payments?
Find out how your business can collect 97.3% of payments first time. Book a demo with a payments expert today.