How reducing network declines can help you optimize revenue
A huge shift to online commerce is underway, with ecommerce growing 30% a year globally.1 This massive shift in consumer behavior makes it an exciting time to be doing business online, but it also brings some challenges. One of those is failed payments, also known as “network declines.” What exactly are we talking about when
15 Jul
How Stripe’s machine learning supercharges your fraud protection
Ecommerce is growing rapidly. While that presents an immense opportunity for online retailers, it also brings some challenges. As online shopping becomes ubiquitous, fraudsters have evolved to become more sophisticated, and fraudulent payments are a growing problem. In fact, businesses are expected to lose $20 billion to online fraud in 20211. The challenges businesses face
20 Apr
Failed Payments are a Pain – Tips to Manage Dunning
Why Is Dunning Management Necessary? With COVID having a lasting impact on businesses and new Business models emerging there are many Solopreneuers, Freelancers, Marketing Agencies and SaaS companies who are switching to Subsciption Payments. you make your money by regularly billing each customer’s credit card. Sooner or later, though, any given customer’s credit card is going to be
20 Apr
EU VAT Validation
VAT Validation Businesses selling goods and services to European customers needs to collect VAT (value-added tax), even if their business is not established in Europe. As all European countries have different VAT rules and rates, staying compliant can be challenging. The European Commission has made an effort to simplify VAT collection and payment, but this hasn’t
14 Feb
What should your Subscription Billing platform enable you to do?
Now that you have understood the trending shift towards recurring billing, in other words, I can say that businesses are adopting the subscription based model for their success and for a win-win situation. Now It’s time to explore what your recurring billing platform should enable you to do. Support for different pricing models Your business
28 Jan
Recurring Billing ,Then and Now
Before diving in to what recurring billing means, I would like to hit the rewind button and take you back to those days where this concept was handled differently. So when a merchant had to collect money on a regular basis say it being monthly, quarterly, half yearly or yearly for the goods or services provided by
04 Jan
Open Banking
What is open banking? A term used to describe the process of banks and other financial institutions opening up data for regulated providers to access, use and share. This has helped customers to choose products and services which enhanced improved their way of managing their funds and payments. What are the benefits of open
29 Dec
MYFUNDBOX Journey from MVP to High Performer Award winner!
Our Journey from MVP to High Performer Award winner! Starting MYFUNDBOX Subscription Billing as MVP in early 2021 and being awarded a High Performer in Subscription category Globally in less than a year was no less than a feat in itself but… was this just magic? A Startup with a small but dedicated team at MYFUNDBOX convinced with the
29 Oct
Using Digital Resources to Increase Subscription Billings
Using digital resources to increase Subscription Billings Earlier this year in our post ‘The Future of Subscriptions Looks Brighter Than Ever’, we wrote how, done right, subscription models have a bright future and have been trending for good reason. Subscription services are increasingly integrated into the life of the modern consumer. Even as the world
13 Aug
How churn can plateau the growth of your subscription business
How churn can plateau the growth of your subscription business It is crucial that your customer stays with you in a subscription business for a more extended period to make a profit. The Customer Acquisition Cost (CAC) in a subscription business is pretty high. Therefore, it is essential that your customer stays with you for
