If you’re running a paid membership website, failed payments will reduce your revenue. On most WordPress membership sites, involuntary churn (resulted from issues such as failed payments rather than direct cancellations) has a significant impact on growth.
Learning how to deal with failed payments on your membership site and how to quickly identify the reason behind a failed payment can greatly reduce their negative effect. Using the right tools you can recover much of this otherwise lost revenue.
Top Reasons for Membership Failed Payments
First, let’s go through why some payments fail in the first place. Below are some of the most common scenarios for membership failed payments:
Insuficient funds
Expired card
Bank refusing the charge (mostly due to fraud prevention)
One of the best ways to prevent this is to use a system that is very transparent when is comes to failed payments. It’s important that both the site owner and the client knows the exact reason why a payment failed. This way they can take quick action and fix the problem.
Introducing Payment Logs for Paid Member Subscriptions
Paid Member Subscriptions is a membership plugin that makes creating subscription
Source: https://managewp.org/articles/18430/troubleshooting-failed-payments-on-your-membership-site
source https://williechiu40.wordpress.com/2019/03/07/troubleshooting-failed-payments-on-your-membership-site/
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