Simplify Payments. Collect Cash.
With ePayments growing nearly twice as fast as the global GDP, the standard for global payments has gone digital. But nearly half of all businesses now see 7% of their payments fail, which leads to 3% of their cash lost every year and up to 40% more passive churn. Custom payment integrations and manual payment recovery strategies only make these problems worse. Zuora Collect not only makes global payments simple with support for 35+ gateways, but it also helps subscription companies recover up to 20% more cash and increase their customer retention rates 13% by leveraging machine learning-driven retries based on the most robust dataset in the Subscription Economy®.
“With Zuora Collect, we’ve increased our average payment recovery rate by an additional 10% from what it was when the product had no machine learning. Using an AI-driven retry strategy also prevented us from starting a time-consuming research project that would have required testing to parse out the most optimal times to retry payments.” - Susanna Wright, Fraud & Payments Manager at Whitepages