As mentioned before, payment failure can be problematic for any Magento eCommerce business. Without the right processes in place, companies will not only bring negative experiences to their customers but also lose a high sales volume.
But it is possible to considerably minimize the number of failed payments they experience and improve operational efficiency by using our Magento 2 Retry Payment extension.
With the right steps in place, you can successfully recover failed payments with minimum cost and effort, establish a frictionless payment system and ensure seamless customer experience - the key to revenue growth. The more efficient your renewal process, the fewer customers that will leave because of a payment issue.
Full Features
- Choose the order status in which customers can change their payment method
- Update the selected payment method from "My Orders" without canceling the existing order
- Retry a payment after the first failed attempt without re-entering the shipping and billing information