Do Many People Really Use PayPal?

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

Source
Statista

Topic
eCommerce Strategy

Year
2019

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

Landing Pages with Multiple Offers get 266% Fewer Leads than Single Offer Pages

Younger People Spend More Time Shopping Online than Older People

Nearly Half (48 percent) of Online Shoppers Simply Head Straight to a Large Ecommerce Marketplace

Only 15 percent of sales calls add enough value, according to executives surveyed.

Generation X Shop More Online Than Baby Boomers and Millennials

65% of Consumers Look Up Price Comparisons on Mobile While in a Physical Store

A Typical Website Conversion Rate is about 2.35% on Average

People are Searching Google for the Phrase “Conversion Rate Optimization” More than Ever Before

It’s Estimated that there will be 1.92 Billion Global Digital Buyers in 2019

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

More eCommerce Strategy Stats

40% of Millennials Have Used Voice Search Before Making a Purchase Online, According to Studies

Responsive Design Integrates Social Media

33% of B2C Ecommerce Website are also Conducting B2B Transactions

As of Q2 2018, 2.86 Percent of E-Commerce Website Visits Converted into Purchases

44% of People go Directly to Amazon to Start their Product Searches, Compared to 34% who use Search Engines like Google, Bing, and Yahoo to Search for Products

Mobile Shopping Hit $2 Billion on Cyber Monday

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

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

26% of Shoppers are Likely to Share a Product on Social Media after Purchase

33% of US Females Aged 18-34 Say They Would “Ideally Buy Everything Online”

Ready to reinvent your sales process and tools?

One quick call and we'll share our approach - no pressure.

Schedule your demo