If you’re running a paid membership website, failed payments will reduce your revenue.
On most WordPress membership sites, involuntary churn (resulted from issues such as failed payments rather than direct cancellations) has a significant impact on growth.
Learning how to deal with failed payments on your membership site and how to quickly identify the reason behind a failed payment can greatly reduce their negative effect. Using the right tools you can recover much of this otherwise lost revenue.
Top Reasons for Membership Failed Payments
First, let’s go through why some payments fail in the first place. Below are some
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