Do Many People Really Use PayPal?
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
The Average Conversion Rate of a Facebook Ad is 9.21%
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
Younger People Spend More Time Shopping Online than Older People
More eCommerce Strategy Stats
Americans Spend 36% of their Shopping Budget Online
33% of US Females Aged 18-34 Say They Would “Ideally Buy Everything Online”
54% Buyers will Buy Retargeted Products if Offered at a Discount
Apple Pay Orders have a 1.8% Transaction Share on B2C Websites Accepting Apple Pay at Checkout
Nearly Half of U.S. B2B Businesses Offer their Full Product Line Online
22% of Online Retailers Still Don’t have a Mobile-Friendly Website
In 2019, Ecommerce Sales are Expected to Account for 13.7 Percent of Retail Sales Worldwide
59% of 16-36 year-olds Head to Amazon Before Any Other E-Commerce Website
69% of B2B Businesses Say They Expect to Stop Printing Catalogs Within Five Years
85 Percent of Consumers Conduct Online Research Before Making a Purchase Online