The Consequences of Expired Payment Info

Originally published by TokenEx. Written by Valerie Hare. Ecommerce businesses lose $18 billion in sales revenue every year due to cart abandonment. 30 percent of shoppers will abandon their cart if they have to re-enter their credit card details. Since most credit cards expire after three to five years, the need to update payment information is inevitable. Cards expire to protect against wear-and-tear, fraud, and ensure cardholders use the most up-to-date payment technology. While this is g...

businesses card credit credit card credit cards ecommerce expired info payment revenue sales tokenex update written