Dunning:
Retry Settings
On
every subscription renewal/activation, Zoho Subscriptions will
automatically charge your customers card. If it fails, Zoho
Subscriptions kick-starts a process called Retry Settings a.k.a Dunning
Management to try charging the card again after a specific period of
time.
Why Retry Settings?
Retry
Settings is more of a follow up method than just canceling a
subscription on payment failures. It focuses on reducing the involuntary
churn rates which happens due to insufficient credit on card, card
expiry, blocked card etc.
If you want to
cancel the subscriptions for unpaid customers, Zoho Subscriptions
automatically retries to charge the customer card several time to reduce
the involuntary churn rates. This way customers are retained and a huge
workload is lifted off from your shoulder which gives you ample time to
focus on reducing the voluntary churn rate.
This process is called 'dunning'.
More information can be found here (open in new tab):