More often than not, declined transactions cost merchants a lot more than the cart value. They hurt your reputation, bottom line, and customer loyalty – especially when these payments are legitimate. Learn how you can automatically recuperate your legitimate transactions without any integration efforts.
Kenbi helps online merchants catch and save more legitimate transactions.
Data from issuers show that over 50% of declines are due to risks associated with insufficient funds. The rest of the declines are associated with transactions suspected as fraud, many of which are declined although they are not really fraud i.e., false positives or transactions that are declined due to the banks authorization policies. With Kenbi’s help, merchants and banks can gather and process additional data that’ll help them approve more legitimate transactions in real-time and on their terms. That’s how you boost revenue and customer satisfaction with minimal risk.
What if you could stake a fraction of the sale to approve a good transaction? Kenbi helps you spot, price, and approve legitimate transactions in less than a second, so your revenue always keeps growing.
There are no monthly fees or setup costs with Kenbi. You select the percentage you’re ready to pay, so you’re always authorizing more purchases on your terms. You only pay for approved transactions.
Avoid wasting time and money on acquiring willing-to-buy customers only to have the sale fall through at checkout. Get Kenbi to maximize your advertising efforts and approve more valid transactions on autopilot.
Kenbi allows merchants to leverage on their data analytics with 3rd parties to enrich the card issuers models, leading to reduction in false positives and increase of legitimate approved transactions.
87% of online shoppers abandon their carts during checkout if the process is too long or complicated. Shoppers often don’t differentiate between store issues and bank issues. You’re likely to lose the sale if customers need to call the bank, retype the card information, or try another card. With Kenbi, the checkout experience will be short and sweet so your customers will come back for more.