How many times should declined charges be retried?

When handling declined charges, the best practice is to attempt to retry these charges multiple times to increase the chances of successful payment collection. Retrying declined charges typically considers factors such as the likelihood of success on subsequent attempts and the potential for minimizing customer dissatisfaction.

In the case of the option stating four retries, this is a widely accepted approach within payment processing. This method allows sufficient attempts to capture payment, as various scenarios could lead to temporary declines (such as insufficient funds or card issues). By retrying charges four times, businesses can leverage the fact that circumstances may change, and the customer may later have sufficient funds or resolve any issues related to their payment method.

Other options suggest fewer retry attempts, which may not maximize the potential for successfully capturing payments from customers who may have had transient difficulties with their funds or cards. Hence, opting for four retries is generally considered optimal in balancing customer experience with the need to collect payments.