Subscriptions lower the financial barrier of getting access to a product. This means you attract all sorts of customers. And when it comes to product subscription models "knowing" who to accept and whom to reject is crucial.
circuly has partnered with CRIF Buergel to support you in preventing chargebacks and subscription fraud.
Subscriptions lower the financial barrier of getting access to a product. 7/10 times it is a good thing as it can help increase your customer base by making your product attractive and available to a larger audience.
But you also attract customers who have a low credit score or are not creditworthy.
You increase your risk of payment withdrawals. And that risk is magnified because unlike a normal selling model where you face the threat of a failing payment only once, in a rental business model with recurring payments, you have to tremble with a non-payment or chargeback every month or sometimes even week.
How do you decide which customer to swipe left ❌ and which customer to swipe right ✅ ?
With a credit check integration in your checkout flow, you can get insights into your customers* risk profile and decide if you want to accept or reject a customer.
With the circuly CRIF integration you have two possibilities:
With rapid growth rates in e-commerce, the topic of online fraud and payment defaults is more relevant than ever. The e-commerce industry is predicted to overtake physical in-store sales by 2027 with a global market volume of USD 6.52 trillion. This article deals specifically with the prevention of chargebacks.
If you want to learn more about how circuly can help you make your rental business ready to scale, get in touch via email@example.com and let’s have a virtual coffee together!
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