What is the difference between authorization and conversion rates?
Authorization and conversion rates
Conversion rates imply the conversion of payment (by a customer) from the offer to the final status. Conversion rates can be improved by offering less friction on the payment journey to the customer.
The authorization rate measures the number of completed transactions the acquirers have properly processed. Once the customer has acted upon the payment flow, it's up to the connection with the acquirer to receive and process a payment resolution on time.