Blog

The Churnkey blog

Retention research, product launches, and customer interviews from the team building Churnkey.

Stripe authentication required: meaning and how to fix?

Decline Codes

Stripe authentication required: meaning and how to fix?

The authentication_required code means the transaction needs more verification, usually through 3D Secure. Proper handling of this code can lead to successful transactions and improved security.

Team Churnkey
Team Churnkey · September 2, 2024
Do Not Honor decline: meaning, stats, and how to fix?

Decline Codes

Do Not Honor decline: meaning, stats, and how to fix?

"Do Not Honor" is a catch-all decline code used when a bank rejects a transaction without providing a specific reason. See what you can do recover revenue from it.

Team Churnkey
Team Churnkey · August 30, 2024
How to calculate annual churn rate: five formulas, benchmarks

Articles

How to calculate annual churn rate: five formulas, benchmarks

To calculate the annual churn rate, there are five different formulas. They're used in slightly different contexts and can yield different results.

Team Churnkey
Team Churnkey · August 18, 2024
Convert monthly to annual churn: calculator, formula, benchmarks

Tools

Convert monthly to annual churn: calculator, formula, benchmarks

High monthly churn is devastating. Monthly churn rates above 10% lead to annual churn rates over 70%, which would be catastrophic for most businesses.

Team Churnkey
Team Churnkey · August 18, 2024
Renewal rate: 15 tactical ideas to improve and a calculator

Tools

Renewal rate: 15 tactical ideas to improve and a calculator

Is your renewal rate healthy? When do users disable auto-renew? How to calculate renewal rates for subscription vs. transactional models? A comprehensive list of tactical ideas across product, organization, payment, psychology, and outreach.

Team Churnkey
Team Churnkey · August 10, 2024
Retention cohort analysis: four simple ways

Retention

Retention cohort analysis: four simple ways

There are four ways to analyze a churn or retention cohort chart. Vertically, horizontally, diagonally, and by monitoring outlier events.

Team Churnkey
Team Churnkey · July 30, 2024
Hard vs soft declines: definition, calculator, strategies

Decline Codes

Hard vs soft declines: definition, calculator, strategies

Soft declines are temporary issues (e.g., insufficient funds, credit limit exceeded) that can be resolved with precision retries and dunning campaigns. Hard declines are permanent issues (e.g., stolen cards, account closures) and require customer intervention via dunning campaigns.

Team Churnkey
Team Churnkey · July 26, 2024
Launch: Payment Recovery analytics 2.0

Product Releases

Launch: Payment Recovery analytics 2.0

Understand Payment Recovery trends and opportunities with all-new date selectors, modernized tooltips, and improved data visualizations across topline metrics, payment status, recovery methods, and more.

Scott Hurff
Scott Hurff · July 25, 2024
Launch: Reactivations, reimagined

Product Releases

Launch: Reactivations, reimagined

Churnkey Reactivations have a new campaign type. One-Time Campaigns blend effortless targeting, revenue tracking, channel marketing, and a customer-centric reactivation flow that optimizes conversion while building trust.

Scott Hurff
Scott Hurff · July 24, 2024
Churn reduction for Chargebee

Articles

Churn reduction for Chargebee

Discover effective strategies for enhancing customer retention and managing churn while using Chargebee. Gain insights into improving Net Retention Revenue and other key SaaS metrics.

Baird Hall
Baird Hall · July 23, 2024
How to interview churned customers?

Churn

How to interview churned customers?

Interviewing churned customers is a great way to get qualitative feedback to your team. This article shows how you can automate feedback collection with Churnkey.

Team Churnkey
Team Churnkey · July 5, 2024
Customer retention curve: calculator, definition, examples

Retention

Customer retention curve: calculator, definition, examples

There are four types of retention curves: declining, flat, and smile curve. You measure active users (# or % or $) on the x axis. And how that number changes over time.

Team Churnkey
Team Churnkey · July 5, 2024
Escape involuntary churn and make it past(due)

Churn

Escape involuntary churn and make it past(due)

All involuntary churn issues like payment processing errors, logging out, switching emails, expired credit cards, limit reached, address change and how to solve them.

Team Churnkey
Team Churnkey · July 3, 2024
Retention automation separates growth heroes from growth zeroes

Retention

Retention automation separates growth heroes from growth zeroes

Even a 1% improvement in your retention rate can increase your growth ceiling or MRR by 10%. Retention automation is what makes it a reality.

Team Churnkey
Team Churnkey · July 3, 2024
Churnkey achieves SOC-2 certification: a milestone in data security

Articles

Churnkey achieves SOC-2 certification: a milestone in data security

At Churnkey, security has always been at the forefront of our mission. We are excited to announce that we have achieved SOC-2 Certification in addition to GDPR compliance.

Nick Fogle
Nick Fogle · June 10, 2024
Churn rate vs retention rate: two sides of the same coin?

Tools

Churn rate vs retention rate: two sides of the same coin?

Like the two-faced Greek God, Janus, retention rate and churn rate are intertwined.

Team Churnkey
Team Churnkey · May 10, 2024
Gross churn vs net churn: calculator, formulas, and tactical tips

Articles

Gross churn vs net churn: calculator, formulas, and tactical tips

If you can't measure gross churn, you can't improve it. This article will not just show you how to measure it, but also proactively measure it for you with an interactive calculator. And then we will also offer lots of tactical tips alongside tool recommendations to make it happen.

Team Churnkey
Team Churnkey · May 10, 2024
Revenue churn and its common pitfalls

Churn

Revenue churn and its common pitfalls

Revenue churn is the loss of revenue from existing customers over a specific period, which can occur through cancellations, downgrades, or non-renewals.

Team Churnkey
Team Churnkey · May 10, 2024
Calculate customer retention rate and revenue retention [calculator]

Retention

Calculate customer retention rate and revenue retention [calculator]

A free customer retention rate calculator to understand the health of your business. Learn how calculating dollar retention rate can change the trajectory of your subscription business.

Team Churnkey
Team Churnkey · May 4, 2024
From the CEO: Churnkey raises $1.5M in growth equity

News

From the CEO: Churnkey raises $1.5M in growth equity

Churnkey raises $1.5m in growth equity to further accelerate its retention automation platform for high-volume subscription companies.

Nick Fogle
Nick Fogle · April 25, 2024
Customer exit survey: 21 templates, questions, and best practices

Articles

Customer exit survey: 21 templates, questions, and best practices

A massive vault of of 21 templates, done-for-you exit surveys, and a tactical list of best practices to build your best customer exit survey.

Team Churnkey
Team Churnkey · April 25, 2024
The best dunning software in 2024

Tips

The best dunning software in 2024

Discover the top dunning software of 2024 to tackle churn and manage failed payments, ensuring your SaaS business thrives despite inevitable involuntary cancellations.

Baird Hall
Baird Hall · April 2, 2024
How to build a Cancel Flow that minimizes chargebacks

Guides

How to build a Cancel Flow that minimizes chargebacks

Customers often initiate chargebacks out of frustration with unexpected subscription terms or difficulty in cancelling their subscriptions. Here are several reasons this happens.

Nick Fogle
Nick Fogle · March 14, 2024
The best churn reduction software platforms in 2024 (ranked and reviewed)

Churn

The best churn reduction software platforms in 2024 (ranked and reviewed)

What is the best platform for churn reduction? Find out with this comparative guide.

Scott Hurff
Scott Hurff · January 3, 2024