
Failed Cross-Border Payments Cost US Merchants an Estimated $3.8B
Cross-Border Sales and the Challenge of Failed Payments
Many eCommerce merchants in the United States seek growth in international markets but encounter significant friction in cross-border transactions. PYMNTS Intelligence’s latest study, “Cross-Border Sales and the Challenge of Failed Payments,” a collaboration with Nuvei, draws on insights from 300 executives to identify the key challenges of cross-border payments and how to solve them.
Inside the February Playbook
- 69%: Share of merchants highly interested in innovative fraud management tools
- 82%: Portion of merchants that find it difficult to identify causes of failed payments
- $3.8B: Estimated losses by U.S. merchants in 2023 due to failed cross-border payments