Average cross-border payment failure rate was 11% on fiat rails in 2023 and cost U.S. merchants at least $3.8 billion in lost sales.
Most of these merchants struggle to identify the underlying causes of these failed payments, leading to other costs, and compound their losses.
#betterpayments
https://www.pymnts.com/news/cross-border-commerce/cross-border-payments/2024/failed-cross-border-payments-cost-us-merchants-an-estimated-3-8b/