At Praxis Tech, we’re constantly working on ways to improve our platform and help our merchants optimize their payment processing systems. That’s why we’re excited to announce the launch of our new Decline Recovery Reporting feature. This new addition to the Praxis platform is designed to give merchants valuable insights into the performance of their payment systems, allowing them to make data-driven decisions to improve efficiency and boost revenue.
What is Decline Recovery Reporting?
Decline Recovery Reporting is a new feature on the Praxis platform that tracks potentially unsuccessful transactions that are saved by using advanced features like BDCC or Cascading. The feature allows merchants to gain valuable insights into the performance of their payment systems and make data-driven decisions to improve efficiency and boost revenue.
How does Decline Recovery Reporting work?
With Decline Recovery Reporting, merchants can now access data on how many potentially unsuccessful transactions have been saved by using our advanced features. This information is crucial for merchants looking to optimize their payment processing systems, as it can help them identify areas of weakness and take corrective action to ensure that more transactions are completed successfully.
The feature works by adding a new column “Recovered by” to the Transactions page, new labels to the Transaction View Page, a new filter to the Transactions page, and new data to the CSV exporting and Transactions mirroring. Merchants can now track and analyze these successful “recovered” transactions, gaining valuable insights into the performance of their payment systems.
The Benefits of Using Decline Recovery Reporting
By using the Praxis platform’s advanced features like BDCC or Cascading, merchants can increase their chances of successfully completing transactions that might have otherwise failed due to issues like payment gateway errors or lack of processing currency. With the ability to track and analyze these successful “recovered” transactions, merchants can gain valuable insights into the performance of their payment systems and make data-driven decisions to improve efficiency and boost revenue.
Decline Recovery Reporting provides merchants with access to data on how many potentially unsuccessful transactions have been saved by using our advanced features, allowing them to identify areas of weakness and take corrective action to ensure that more transactions are completed successfully. By leveraging this data, merchants can optimize their payment processing systems and boost revenue, giving them a competitive edge in the global marketplace.
In conclusion, the new Decline Recovery Reporting feature on the Praxis platform is a game-changer for merchants looking to optimize their payment processing systems. By giving merchants access to valuable insights into the performance of their payment systems, we’re empowering them to make data-driven decisions that can improve efficiency and boost revenue. We’re excited to see how our merchants will use this new feature to take their businesses to the next level.
