1 in 4 card deposits is declined

1 in 4 card deposits is declined

For businesses, this means lost revenue, missed deposits, and a drop in conversion rates.

🟪 FinteqHub has launched Open Banking Fallback Flow—a feature that, in the event of a decline, redirects the user to their online bank in a new window and gives them a second chance to complete the deposit without any extra steps.

If a card doesn’t go through, Open Banking helps you avoid losing the payment: it increases the acceptance rate to 80% and boosts the average transaction value. As a result:

🟣higher deposit success rate
🟣fewer lost transactions
🟣less drop-off at the payment stage
🟣a smoother user experience

Want to retain more transactions?

Find out how FinteqHub can help reduce drop-off and increase the deposit success rate for your project via our bot: @finteqhub_bot