How much are declined payments really costing you?
When it comes to fundraising, we all know that every dollar counts.
But while most charities focus on acquisition and retention to help improve their bottom line, a growing problem is having a serious impact on recurring revenue – declined payments.
A worrying trend shows an increase in declined payments across the charity sector, with declines rising by 3-4% since 2022, including a growing number of first debit declines.