Quote:
Originally Posted by disinfected
I think they have same option as I do, block, allow, block only signups.
I am assuming block only signups means membership recurring sales. What would be awesome is that the source of software would give, block sales under [dollar amount here] if pre paid.
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There are a lot of things that would be nice like that but the problem is with Netbilling at least they don't get the prepaid flag till after the card is processed.
What I have discovered is that prepaid or not, there are a lot of card types that just aren't going to rebill.
So I take all my historical data and I determine, overall, the average conversion rate for all cards.
Then I look at the decline reasons. How many were declined for insufficient funds? How many for fraud? (stolen card) etc.
For example, per my last review, (6 months ago) I found my credit card submissions were approved 28.67% of the time.
22% of the time on initial and 37.33% on recurring
Of all my approved transactions, 52% are recurring transactions, the rest are initial.
The declines on initial were 1.58% of the time for fraud, 15% for insufficient funds. (the rest other.)
On recurring, 4% for fraud and 28% for insufficient funds.
So now I know if a particular bin % is approved significantly less than 37% of the time on recurring billing and its significantly over 28% of the time for insufficient funds, then it's a bullshit card that I don't need.
I found cards listed as prepaid that performed well, and other not listed that don't perform at all.
for example for the test period, which spanned around 5 months, I had 960 transaction attempts with bin # 425032
This is a Green Dot Visa card, very popular with affiliates who like to scam PPS programs. You can buy them at Walgreens and a lot of other places.
only 81 approvals. of those 81 approvals only 10 were recurring. there were 316 declines for insufficient funds, roughly 33%
Obviously I am better off without that BIN #
And I went down and made the same analysis with all bin #'s that had more than 100 transactions on them, found some surprising things, banned the shit bins, conversions went from 33 to 45% (though gross sales volume suffered of course)
I do really wish Netbilling would allow me to permit prepaid cards on trial offers but allow on full joins. But for now I just do my best with what I got.