Provide multiple payment singapore phone number library methods: Payment options should focus on customer needs. for competitors. Example: If your checkout page states that credit card payments are accepted, but your customer doesn't have one, they will abandon their cart. Lack of payment options causes 7% of customers to abandon the site. Multiple methods such as: Cash on delivery shipments Electronic payments (PayPal, Paytm) Credit/debit cards Gift Cards Mobile payments Offer your customers options to reduce cart abandonment rates.
Use cart abandonment software: An illustration of online shopping, featuring a laptop, shopping cart, and various shopping-related icons. When looking for higher conversions, track your cart abandonment rate as it is the biggest hurdle in your eCommerce business. Cart abandonment occurs when potential customers reach their cart but abandon it midway without making a purchase. Cart abandonment statistics indicate that the average rate is 695%. Multiple reasons like hidden charges, shipping charges, lengthy checkout process, required to create an account, slow delivery, limited payment options, unsecured site, etc.
