High autopay adoption is the gold standard for ensuring high acceptance and lower delinquency rates. Yet many billers still struggle with adoption. For example, only 16% of nonprime auto borrowers are currently enrolled in autopay.
Declined payments and returns (such as chargebacks) can greatly drive up the cost of acceptance and reduce authorization rates. Try these five strategies to reduce them.
In the PayNearMe Spotlight Series, we shine a light on the people that make our company thrive. In this month’s interview, we sat down with Mike Green, Vice President of Strategic Alliances, to chat about his role in the company, why he loves working at PayNearMe and his life outside of work.
Today’s e-commerce experiences are fast, easy and frictionless. Consumers are exchanging money with family and friends using peer-to-peer payment applications such as Cash App, Venmo and PayPal, and they rely on digital wallets to effortlessly make e-commerce transactions from their mobile devices. So, why do so many bill pay experiences still feel dated?