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

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

Exit-Intent Campaigns Convert Between 2-4% of Abandoning Visitors

81% of Shoppers Research their Product Online before Purchasing

Companies see a 55% Increase in Leads when Increasing their Number of Landing Pages from 10 to 15

80% of Respondents Said They Had Stopped Doing Business with a Company Because of a Poor Customer Experience

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

Younger People Spend More Time Shopping Online than Older People

Abandoned Cart Emails Sent within 20 Minutes Have an Average Conversion rate of 5.2%

The Total Orders from Mobile Devices Ranges between 38% and 53%

A Typical Website Conversion Rate is about 2.35% on Average

54% Buyers will Buy Retargeted Products if Offered at a Discount

More eCommerce Strategy Stats

23% of Users Will Abandon Their Shopping Cart if they Have to Create a New User Account

58% of the Top 1000 US Online Retailers Send Welcome Emails

Average Online Shopping Cart Abandonment Rate is 74%

80% of Americans Have Made an Online Purchase in the Past Month

An Inconvenient Returns Policy Deters 80% of Shoppers

22% of Online Retailers Still Don’t have a Mobile-Friendly Website

81% of Consumers Trust the Advice of Family and Friends Over Businesses

65 Percent of Shoppers Look up Price Comparisons on their Mobile Device While in a Physical Store

96% of Americans Have Made an Online Purchase in their Life

6% of Global B2C Online Stores have Implemented 3dSecure in their Checkout Process