Do Many People Really Use PayPal?
There Are More Than 254 Million Active PayPal Accounts in The World
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 Number of Form Fields on Landing Page Conversion Forms is 11
An Inconvenient Returns Policy Deters 80% of Shoppers
Using Video on Landing Pages can Increase Conversion by 80%
PayPal Transactions have 70% Higher Checkout Conversion than Non-PayPal Transactions
65 Percent of Shoppers Look up Price Comparisons on their Mobile Device While in a Physical Store
Longer Mobile Page Load Times Drastically Increase Bounces
22% of Online Retailers Still Don’t have a Mobile-Friendly Website
Only 15 percent of sales calls add enough value, according to executives surveyed.
But Removing the Navigation Menu can Increase Conversions by 100%
Conversion Rate Optimization (CRO) Tools Offer a 223% ROI on Average
More Stats
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