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
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
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%
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
More eCommerce Strategy Stats
There Will Be More Than 3.7 Billion Email Users by the End of 2017
55% of Online Shoppers Tell Friends and Family When Dissatisfied with a Product or Company
4 in 10 Purchases are Made Using Only an Online Channel for Searching and Buying
30 Percent of Online Consumers Have Posted Product Feedback Online
88% of Online Shoppers Will Use Webrooming to Find the Best Price
23% of Users Will Abandon Their Shopping Cart if they Have to Create a New User Account
The Average Order Value of B2C Online Order is $52
Americans Spend 36% of their Shopping Budget Online
9% of Ecommerce Sites are Offering a Rewards Loyalty Program to Customers