Do Many People Really Use PayPal?

There Are More Than 254 Million Active PayPal Accounts in The World

Source
Statista

Year
2019

Topic
eCommerce Strategy

Statistic Info

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

The Average Conversion Rate of a Facebook Ad is 9.21%

It’s 7 Times More Expensive to Acquire a New Customer via Paid Advertisement than Retain an Existing One

Nearly Half of American Small Businesses do not have a Website

In 2019, Ecommerce Sales are Expected to Account for 13.7 Percent of Retail Sales Worldwide

Mobile Ecommerce is Expected to Account for 67.2 Percent of Digital Sales in 2019

Nearly Half (48 percent) of Online Shoppers Simply Head Straight to a Large Ecommerce Marketplace

60% of the Overall Website Traffic is Reported from Mobile Devices

9% of Ecommerce Sites are Offering a Rewards Loyalty Program to Customers

Users who have a Negative Experience on a Mobile Website are 62 Percent Less Likely to Purchase from that Business in the Future

Younger People Spend More Time Shopping Online than Older People