New ClearSale Report Illustrates the Staggering Impact of False Declines
Global risk technology solution provider, ClearSale ( www.clear.sale ), has released a comprehensive new report that sheds light on the prevalence and consequences of false positives, commonly known as false declines.
- Global risk technology solution provider, ClearSale ( www.clear.sale ), has released a comprehensive new report that sheds light on the prevalence and consequences of false positives, commonly known as false declines.
- The highly anticipated report, Ecommerce False Declines & Consumer Behavior, takes a deep dive into the economy of false declines, uncovering their detrimental effects on both the customer journey and a retailer’s bottom line.
- Widespread false declines are an issue: In 2022, 25% of respondents experienced false declines, with 36% encountering multiple instances.
- False declines are impacting retailers' revenue: Alarmingly, 65% of false declines were later validated as legitimate transactions, resulting in significant revenue loss.