Running an online store can be a dream come true for many businesses, offering a robust platform with a plethora of tools to grow your e-commerce business. However, a recurring challenge many merchants face is the high rate of rejected transactions, which leads to abandoned shopping carts and lost revenue. According to various sources, this problem is widespread and can significantly impact a business’s bottom line.

The impact of transaction failures

Transaction failures can occur due to several reasons—fraud prevention measures flagging legitimate transactions, technical glitches in the payment processing system, or issues with payment gateways. These failures not only frustrate customers but also lead to a significant loss of sales. Reports indicate that up to 10% of transactions may fail, which is a critical issue for businesses striving to maintain a seamless shopping experience for their customers.

Elorn’s solution: Superior acquiring partnerships

At Elorn, we understand the critical nature of efficient and reliable payment processing. Our network of acquiring partners ensures that we match merchants with the best fit acquirer, tailored to their specific needs. Whether you’re dealing with high-risk Merchant Category Codes (MCCs) that historically suffer from higher rejection rates or standard business transactions, Elorn’s strategic partnerships can help.

Why choose Elorn?

High acceptance rates: Our expertise in managing high-risk MCC’s translates to higher acceptance rates for transactions that might otherwise be rejected. This ensures that your business captures more sales and reduces the incidence of abandoned carts.

Multiple Acquirers: If required, Elorn can create accounts with multiple acquirers. This redundancy means that if one acqurier experiences issues, transactions can still be processed through an alternative, minimising downtime and ensuring continuous sales flow.

Custom Solutions: Every business is unique, and so are its payment processing needs. Elorn provides custom solutions to address the specific challenges your business faces, ensuring that you have a payment system that works seamlessly and efficiently.

Stay ahead of the curve

The e-commerce landscape is rapidly evolving, and staying ahead means ensuring that your payment processing system is robust and reliable. With Elorn, you’re not just getting a payment processor; you’re gaining a partner dedicated to optimising your transactions and maximising your sales.

Conclusion

Don’t let rejected transactions and abandoned carts hold your business back. Partner with Elorn and experience the difference that a tailored, reliable payment processing system can make. Upgrade your payments today with Elorn, because your business deserves better.

Ready to enhance your payment processing? Contact Elorn today and step into tomorrow with our forward-thinking payment technology.