What is an authorization rate? How payment infrastructure providers can increase payment acceptance rates. The promise of good payments infrastructure.
Hey Jareau - Curious to hear any thoughts you have on the 'MID warming' process (aka getting over the initial hurdle of lower authorization rates when you open a new merchant account).
I've always found it difficult to explain the phenomenon to merchants who are switching PSPs, as there is rarely much a PSP can do to get through the first few weeks with a new MID (to your point about your call with Wells and Vantiv).
Are most of these auth rate improvements from the acquirer/merchant perspective? I've worked a lot with issuer and processor side and know that responsibility with auth rates can totally differ based on an issuing or acquiring perspective. Thanks!
Hey Jareau - Curious to hear any thoughts you have on the 'MID warming' process (aka getting over the initial hurdle of lower authorization rates when you open a new merchant account).
I've always found it difficult to explain the phenomenon to merchants who are switching PSPs, as there is rarely much a PSP can do to get through the first few weeks with a new MID (to your point about your call with Wells and Vantiv).
Great article - thank you for sharing.
Are most of these auth rate improvements from the acquirer/merchant perspective? I've worked a lot with issuer and processor side and know that responsibility with auth rates can totally differ based on an issuing or acquiring perspective. Thanks!