Reduce the Risk of Failed payments
It's very important to curb failed payments occurring due to network issues and due to credit card declination. Efforts should be taken to lower the attempt of retries. With ChargeMonk's smart dunning management software you can reduce such involuntary churn. Also, you can allow the system to send personalized emails.
Manage your email notifications and retry attempts
ChargeMonk’s dunning management solution knows the fact that notifications for every transaction retry are spammed. Thus, it allows you to test and configure the number of emails. It also helps you to check the tone of your emails.
Customized Dunning Management
In a subscription business, it becomes very important to manage failed transactions. It also becomes crucial to recover the lost revenue and a lost customer. Hence, with ChargeMonk you can successfully set the retry interval.
Flexible Subscription Management
During the subscription business cycle there can arise a possibility where the customer’s subscription has ended however their payment has not come in. During such a situation, it becomes essential to have a dunning process handy. During such a situation, you can cancel their subscriptions and mark the invoice as unpaid.
Handle declined payments with grace
For circumstances like the customer's payment getting declined due to credit cards or being flagged for different reasons which result in cancellations, there is a solution for everything. You can stop the dunning process in such cases and be in their good books.