Subscription Billing

Fraud costs merchants more than an estimated $20 billion every year. But beyond that sky-high number are all the ancillary impacts that fraud can have on a business: increased customer churn, lower credit card authorization rates, network and operational costs, and damage to the brand due to customers being incorrectly flagged as fraudsters. To stay competitive, businesses need to detect fraud without compromising customer experience, and use modern strategies to detect, flag, and resolve fraud in real-time.

Even with the massive growth in #ecommerce, more than 90% of purchases still happen in person. Because of this, numerous businesses have recently expanded their solutions to include in-person payments. But while accepting in-person payments opens up vast opportunities, it also comes with its own set of challenges, including the need to integrate #online and #offline payment systems, and more. 

As more businesses migrate online, MYFUNDBOX Subscription billing is continuously expanding our own solutions to make it simpler for our customers to future-proof their brands through shifting business models, global expansion and investments in new technology.

In recent years, the ecommerce industry has experienced unprecedented growth—and it continues to grow: Worldwide retail ecommerce sales, having grown more than 25 percent in 2020, are projected to climb another 16.8% in 2021. That's a tremendous opportunity for the enterprises poised to grab it. As more businesses migrate online, we're continuously expanding our own solutions to make it simpler for our customers to future-proof their brands through shifting business models, global expansion, and investments in new technology.

As more businesses migrate online, MYFUNDBOX is continuously expanding our own solutions to make it simpler for our customers to make the leap to digital, shift their business models, and start accepting online payments right away.

As more businesses move and transact online, we're continuously expanding our own solutions to make it simpler for our customers to start, run, and scale their businesses. 

A huge shift to online commerce is underway, with ecommerce growing 30% a year globally.¹ This massive shift in consumer behaviour makes it an exciting time to be doing business online, but it also brings some challenges. One of those is failed payments, also known as “network declines.”

Ecommerce is growing rapidly. While that presents an immense opportunity for online retailers, it also brings some challenges. As online shopping becomes ubiquitous, fraudsters have evolved to become more sophisticated, and fraudulent payments are a growing problem. In fact, businesses are expected to lose $20 billion to online fraud in 2021¹.

While the average human life span has increased in recent decades, the average business isn’t faring as well. S&P 500 companies in the ’60s and ’70s could count on three good decades of livelihood, but that life span has been steadily dropping—expected to shorten¹ to 15–20 years during this decade. The small business owner faces even more dire statistics, with only 50 percent² of small businesses surviving past year five.

What is MYFUNDBOX? 

MYFUNDBOX is a Global Subscription Billing Platform where one can process, manage and accept subscription billing for SaaS Companies, Freelancers, Coaches and all type of businesses that need recurring payments. With flexibility to create custom billing cycles and configurable customer preferred payment methods customer conversion increases substantially.