Payments 3 min read

How to Reduce Payment Failures in Stripe

Best practices and Stripe features to minimize failed payments and improve success rates.

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📋 Manual: ~15 min vs ⚡ Coby: ~3 seconds

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The Manual Way ~15 min

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Or just ask Coby ~3 sec

1

Enable Smart Retries

Go to Settings → Billing → Enable Smart Retries.

2

Use Card Account Updater

Enable automatic card updates for expired cards.

3

Set Up Dunning Emails

Configure payment failure email notifications.

4

Offer Multiple Payment Methods

Add Apple Pay, Google Pay, bank transfers.

5

Optimize Checkout Timing

Retry payments at optimal times when funds are available.

6

Monitor and Iterate

Track failure rates monthly and adjust strategy.

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Total time per check

~15 min

Stripe Documentation

Revenue Recovery →

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Team Coby

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How can I reduce my payment failures?

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Payment Optimization Recommendations:

❌ Smart Retries: Not enabled

✅ Card Updater: Enabled

⚠️ Dunning: Only 2 emails configured

💡 Enable Smart Retries to recover ~15% more failed payments.

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