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Ecommerce

Adyen launches RevenueAccelerate to help companies mitigate revenue loss

Friday 8 April 2016 | 10:22 AM CET

Adyen, a global provider of online, mobile and point-of-sale payment solutions, has launched RevenueAccelerate to help companies like Uber and Facebook to recoup millions of dollars in lost revenue.

85% of the global ecommerce credit card transactions are approved, while 15% represents lost revenue to the companies, cnbc.com reports. 10% out of 15% loss is declined for legitimate reasons, such as insufficient funds, whereas 5% is caused by flaws in the system. RevenueAccelerate turns this 5% of failures into revenue for merchants.

Adyen`s clients include Facebook, Uber and Spotify. RevenueAccelerate has helped the organisations that piloted the feature to generate an average annual return of 1.43%.

More: Link
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