Do Many People Really Use PayPal?

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

Source
Statista

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

Younger People Spend More Time Shopping Online than Older People

28% Shoppers Abandon Carts because of Unexpected Shipping Costs

Today, 97% of consumers go online to research products and services.

9% of Ecommerce Sites are Offering a Rewards Loyalty Program to Customers

Personalizing email subject lines leads to a 22% increase in open rate

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

44% of Companies use A/B or Split Testing Software

Average Online Shopping Cart Abandonment Rate is 74%

Average E-Commerce Conversion Rates Vary from 2.8% to 4.5%

But Removing the Navigation Menu can Increase Conversions by 100%

More Stats

Ready to reinvent your sales process and tools?

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

Schedule your demo