Rescue customers upon payment rejection
An apparel retailer uses Quantum Metric and Monetate to rescue customers when their payment method is rejected by a third-party payment processor.
The product team at an apparel retailer uses a third party payment processor to give customers flexible payment solutions. However, the team noticed that credit-card rejection was too frequent with this processor. For the customer, payment rejection means abandonment.
To prevent customers from abandoning, the product team deployed Quantum Metric Activate, which enables real-time action triggered off behavioral indicators.
Now, when a payment is rejected by this third party processor, Quantum Metric sends this data to Monetate in real time, triggering a special discount for the struggling customer.
Watch a 2-minute demo video of this use case: