Billing Issue: Is anyone else seeing their decline rates soar?
I just had to send my IPSP an email asking why my decline rates were so high. Usually they run at about 35% with my business, but for the past 4 months they have progressively increased to over a 50% decline rate on Visa and MasterCard alike.
I heard a rumor that a number of banks are increasing their denial rates for high risk processing, but of course they are only rumors.
When I first saw my rates go up I thought it was probably just a momentary bump. Now I know it isnt a bump and at this rate I am in real trouble.
The paranoid voice in the back of my head tells me that this is a great new tactic to get rid of high risk merchants by stealth
Any thoughts?
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Evil Is As Evil Does
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