Quote:
Originally Posted by Cherry7
Looking at the denial e-mails from ccbill, refuse by bank, etc... a few go on to join with Epoch but most only try the once...
Is it worth e-mailing them offering the epoch option?
What re try setting would you suggest before offering Epoch? At the moment we have 3.
Ta
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First check the denial reason... if its a score decline...then you know that the customers details he provided to ccbill were not sufficient enough to justify the risk associated with the temporary loan/credit issued to you the merchant on behalf of ccbill.
I admit it took me some deep pondering to be able to look at this from the perspective of a bank. There is a reason that banking history/secrets are not taught in public schools.
If your customer were not applying for a "loan" there would not be a need for a "score" decline. If a customer has money on his/her card and wants to spend it... why should they need an "approval" or "denial"
The proof is in the language...approvals and denials are not words associated with paid in full transactions.
Approvals and denials are associated with loan applications....home,car,personal,etc.
The beauty of thinking outside the box is once you do you can never behave the same when you are inside the box.
100% of your generated sale being converted into a loan, and loaned back to you at 15-20% to justify the risk associated with the temporary "credit" is..... brilliant,bold,profitable....if only we could have thought of it first.