But, there’s always a security issue while adding credit card information on a random website. Credit card securityĭebit card and credit card payments are the most appropriate payment options for online purchases. Simply add PayPal to your available payment methods, and you might notice a hike in your eCommerce sale graph.īecause a report of PayPal shows that consumers are 54% more willing to purchase from an unfamiliar website when they accept payments from PayPal.
#Paypal guest checkout how to
So, how to grow a business as a new WooCommerce store owner? Most importantly, a new business and unsecured payment options are a deadly combination in terms of business growth. Lack of a secure checkout payment gateway is one of the significant reasons behind shopping cart abandonment. Read More: A Detailed Guide To WooCommerce Conversion Tracking 3. About 47% of consumers tend to shop more from those websites that accept PayPal payments. Moreover, PayPal users are comparatively frequent buyers.
It is 60% higher than the third-party digital wallets and 82% higher than all payments types combined. On average, PayPal has a whopping 88.7% conversion rate compared to other wallets. The Chief Financial Officer of PayPal, John Rainey, expects to touch the $50 billion revenue and $2.8 trillion TPV by 2025. That’s 15% more than the previous quarter. Their TPV grew 26% in the next quarter and reached $310 Billion, while the active PayPal accounts became 416 Million. According to the 2021 Q2 financial report, PayPal has crossed the 400 Million+ active accounts milestone and surpassed $300 Billion in Total Payment Volume or TPV in 200+ markets. – Edelman Trust BarometerĪnd, people trust PayPal as their everyday transaction handler. People won’t spend a single penny on a WooCommerce store with suspicious payment gateways.Ĩ1% of total consumers say that trust is one of the main concerns while purchasing something online. Trust is the primary concern while talking about online shopping. There are thousands of reasons behind using PayPal payments on your website. PayPal dominates the online payment gateways alongside other giant competitors like MasterCard, Visa, American Express, Discover, etc. Let’s do it! Why Should You Use PayPal Payment Gateway for WooCommerce?
We’re gonna inform you everything about integrating the WooCommerce PayPal checkout gateway on your online store in this post. And that solution is integrating PayPal and WooCommerce into your online store. However, there’s an easy solution to solve such a huge mess. Not only you, but a report by Experian shows that 27% of consumers abandon their cart only because of the lack of visible security. Just think about it, who will transact their money via something they don’t trust? Leave it, will YOU do it? We don’t think so! It doesn’t matter how good your product is people won’t buy it! Trust me, people won’t purchase anything via an unsecured payment gateway. Offering the best products and special discounts is the core factor to increase sales, right?
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