Do Many People Really Use PayPal?
There Are More Than 254 Million Active PayPal Accounts in The World
This is a 15 percent year-on-year growth compared to 220 million in 2017.
With PayPal, prospects can buy products online without having to pull out their credit card which simplifies the checkout process.
The quicker and easier a prospect can go through your checkout, the more likely they are to complete their purchase.
But this doesn’t mean credit card payments are dead.
In fact, 42% of online shoppers prefer to pay with their credit card.
Giving visitors multiple payment options will increase conversion rates, and reduce cart abandonment.
Takeaway: Survey your customers and find out what their preferred payment options are. The more relevant options you offer, the more money you stand to make.
More 2019 Stats
43% of E-Commerce Traffic comes from Organic Google Search
Abandoned Cart Emails Sent within 20 Minutes Have an Average Conversion rate of 5.2%
65 Percent of Shoppers Look up Price Comparisons on their Mobile Device While in a Physical Store
17% of salespeople did not attend college
Companies see a 55% Increase in Leads when Increasing their Number of Landing Pages from 10 to 15
Apple Pay Orders have a 1.8% Transaction Share on B2C Websites Accepting Apple Pay at Checkout
81% of Shoppers Research their Product Online before Purchasing
81% of people prefer to open emails on their smartphones
Personalizing email subject lines leads to a 22% increase in open rate
More Stats
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