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

Online Stores are Offering an Average of 3 Payment Methods at Checkout Including Digital Wallets

60% of Online Shoppers Abandon Their Carts Because of Unexpected Extra Costs

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

Men Spend 68% More Online Than Women

85 Percent of Consumers Conduct Online Research Before Making a Purchase Online

Average Click-thru Rate of Newsletter Campaigns from Ecommerce Stores to Customers is 4.6%

Businesses with over 40 Landing Pages Generated a Whopping 12 Times More Leads than those with 1-5 Landing Pages

30% of Consumers Say The Would Rather Buy from a Website They’ve Bought from Previously

Nearly Half of American Small Businesses do not have a Website

An Inconvenient Returns Policy Deters 80% of Shoppers