Failed payments are a leading cause of involuntary churn. They often happen due to insufficient funds, expired cards, or fraud. To recover revenue and maintain customer relationships, businesses need effective retry mechanisms that work automatically.
Solidgate offers two ways to handle failed subscription payments:
- Smart retries – intelligent and data-driven recovery based on payment behavior
- Retry strategies – predefined flows with fixed retry strategies
Both methods help recover revenue and reduce churn but they differ in logic and flexibility.