Fortis’ Post

Extra costs are the main reason for abandoned carts 🛒⛔ Just as free shipping can encourage a purchase, extra shipping costs can discourage it. Baymard Institute surveyed more than 2,000 US adult online shoppers on their buying experience. They found that extra costs caused 47% of abandoned carts, by far the leading blocker to an online shopper completing their checkout. The top 5 reasons for abandoned carts are: Extra costs too high (47%) 💰 Required account creation (25%) 🔐 Slow delivery (24%) 🐢 Lack of trust with credit card info (19%) 🔒 Complicated checkout process (18%) 😩 Offering clear and upfront pricing information, allowing customers to check out without creating an account, providing fast delivery assurances, and simplifying the checkout process can significantly decrease the likelihood of shoppers abandoning their online carts before completing a purchase. #ecommerce #onlineshopping #customerexperience #conversionrates

💳 E-commerce Scams Are Costing Consumers More Than Ever! 💳 The average loss from an online shopping scam is now $101, up from $96 last year. 📈 And with 75% of consumers falling victim to scams in 2021 (up from 71% in 2015), it's crucial for businesses to protect both themselves and their customers' finances. 🔐 #MobileCommerce #OnlineShopping #DigitalMarketing #eCommerce #BusinessGrowth #OnlineSales #DigitalCommerce #TechTrends #OnlineShopping #RetailTrends #DigitalSales #FutureOfRetail #eCommerce #RetailTrends #OnlineShopping #BusinessGrowth #EcommerceSafety #FraudPrevention #OnlineShopping

🎄✨ We're Nearing the End of the Christmas Shopping Rush – Is Your E-Commerce Payment System Ready for the Final Push? ✨🎄 The holiday shopping season is winding down, but the final surge is here! As we approach the end of the Christmas shopping rush, it's essential that your e-commerce payment system and delivery processes are optimized for the remaining high demand. With customers making last-minute purchases, the pressure is on to ensure smooth, secure payments and timely deliveries. Here are some key reminders to help you finish the season strong: Ensure Payment Gateway Reliability: With the final wave of transactions coming in, your payment gateway must handle the increased volume without delays or failures, ensuring a seamless checkout process. Offer Multiple Payment Methods: Shoppers want flexibility, especially at the last minute. Ensure your site supports a variety of payment options, from credit cards and digital wallets to BNPL (Buy Now, Pay Later), to meet all customer preferences. Prioritize Security: The rise in last-minute shopping also brings a spike in fraud risk. Ensure your payment system complies with PCI-DSS standards and includes strong fraud protection to keep transactions secure. Mobile-Friendly Payments: As more shoppers make purchases on mobile devices, make sure your payment system provides a fast and smooth mobile experience, allowing customers to checkout with ease. Enable Cross-Border Payments: Serving international customers? Ensure you have multi-currency options and efficient conversion systems in place to make last-minute shopping easy for everyone, no matter where they are. Efficient Distribution & Timely Deliveries: As shipping deadlines loom, ensure your logistics and delivery teams are prepped for the final push. Make sure your distribution channels are optimized to ensure timely deliveries and happy customers. Let’s finish this holiday season strong, delivering a smooth, secure, and efficient experience for both retailers and shoppers, from payment processing to on-time deliveries! 🛍️💳🚚 #ecommerce #paymentsolutions #christmasshopping #deliveryoptimization #holidayseason #onlineshopping #peakseason #lastminute

Cart abandonment is a huge issue for digital retailers. Out of 100 customers who “add to cart,” fewer than 30 actually complete the purchase 💸 According to Baymard data, about half of the shoppers who create carts proceed to checkout. These shoppers have a higher intent to purchase, so the real problem is "checkout abandonment" and not "cart abandonment." 🔍 What happens at checkout? Let’s dive in and find out how to turn those almost-sales into completed purchases: https://hubs.li/Q02HHMQ40

Digital shopping cart abandonment is a challenge that every ecommerce retailer has to face, but it can be incredibly frustrating to stare at #data showing you a bunch of abandoned carts without knowing what to do about it. We'll walk you through everything you need to know about cart abandonment: what it is, what the average shopping cart abandonment rate typically is, common causes of abandoned carts, and ultimately, what you can adjust to increase your conversion rate. #How to Calculate Your Shopping Cart Abandonment Rate. 7 Causes of Shopping Cart Abandonment. Shopping cart abandonment is when a prospective #customer begins the checkout process but does not complete it

🌍 Did you know? The average shopping cart abandonment rate globally is 74.61% 🚫💳 🔍 Common reasons shoppers abandon their carts: - Lengthy or confusing checkout processes - Unexpected costs like shipping fees - Limited payment options - Concerns about payment security - Forced account creation before purchase 💡 Tip: Simplify your checkout process and address these pain points to boost conversions and drive revenue. 🔗 Data Source: Dynamic Yield by Mastercard #CRO #dtc #Ecommerce #CROStrategy

Ditch the Endless Aisle! The Future of Retail is Frictionless and Fun ⬆️⬇️ Forget endless aisles and impersonal click-and-collect! Today's shoppers desire a flexible shopping experience that accommodates their preferences, regardless of their location. ️ So, what's hot in retail right now? ● Unified Commerce: Imagine a world where online shopping feels like browsing your favorite store, and physical stores offer the same personalized recommendations you get on your phone. That's unified commerce, and it's the future of convenience! ● Become a Personal Shopping Guru: People love feeling special. Reward your customers with loyalty programs linked to their payments, not another clunky app they'll never use. Offer personalized discounts and make them feel like your VIPs. ● Get Inside Their Heads (Ethically!): Payment data can be your secret weapon. Use it to understand what your customers love (and what they don't) so you can tailor your offerings to their unique needs. ● Payment Options Galore: Nothing kills a shopping spree faster than limited payment choices. Offer a wide range of options so your customers can check out with a smile, not a sigh. Ready to make your business the shopping destination of dreams? At APS, we're all about seamless payment experiences that make online retail a breeze. Contact us today and let's find the perfect solution for your business! #APS #Payments #Retail #FrictionlessFuture #CustomerCentric #Payments

One of the driving forces behind a successful business season is the ability to provide customers with customized, card-linked offers. Both merchants and card issuers have been utilizing item-level shopping data to create these personalized offers, resulting in increased spending and customer satisfaction. But the benefits of card-linked offers don't stop there. These offers have also been shown to inspire customer loyalty, as consumers have demonstrated a preference for shopping with brands and merchants where they are enrolled in loyalty and rewards programs. In a world where customer loyalty is paramount, utilizing item-level shopping data to create personalized, card-linked offers is a smart business move that can help drive success and foster long-term customer relationships. #fintech #fintechs #payment #paymentsolutions #paymentservices #retail #retailing #shopping #ecommerce #online #strategy #cards #bankingservices #loyalty #retailstrategy #bnpl #paylater #cardlinkedoffers #usa #digital Arjun Vir Singh Akhil Rao Ravi Pande Nitin Sahu Helal Tariq Lootah MEHDI SARDAOUI Victor Yaromin Marwan Nader Nilanjan Panda Ravi Sehgal Nadeem Khan Faseeh Khan Sanchit Agarwal Saleh ALhammad Nazmur Rahim Bidisha Hota Vikas Saraogi Anurag Sinha Anurag Sharma Shafique R Ibrahim Purvi Munot Javed Akkhtar 🇮🇳 Jasim Shaikh Ashfaq Ahmed Rahil Rizvi Gopal K. Malih El Hage Ibrahim Saurabh Jain Rahul Kanotra Rakesh Verma Ritu Verma Ritu Prasad Monica Jasuja Mithil Ajmera Sagrika Shah Esmahan Hakkak Nadine A. Jaafar Ankit Sharma Sam Boboev Walter Pereira

The holiday season is here, and with it comes a big opportunity for merchants to maximize value by meeting customer expectations. One clear trend? Pay-later options are becoming a game-changer in how shoppers choose where to spend. 📊 Here’s what the data tells us: ➡️ 43% of shoppers say the availability of pay-later options influences where they shop. ➡️ 68% of consumers want to see pay-later plans before they reach checkout—early visibility matters. ➡️ 52% of millennials feel more confident making larger purchases when pay-later options are available. What does this mean for merchants? Prominently showcasing flexible payment options like pay-later throughout the shopping journey isn’t just a feature—it’s a strategy. It’s about giving your customers the confidence and flexibility they need to shop how they want, when they want. 💬 How are you preparing for holiday sales? Drop your thoughts in the comments! We’d love to hear how you’re planning to use payment solutions to stand out this season. #HolidaySales #PayLaterSolutions #FortisPayments #CustomerExperience #BusinessGrowth

70% of Shoppers Say #Payment Options Influence #Online Shopping - https://lnkd.in/eu92Ef67 of Shoppers Say #Payment Options Influence #Online Shopping Retailers continue to grapple with shopping #cart #abandonment. A February report by PYMNTS Intelligence and Adobe reveals insights that could help #online merchants boost #conversion rates and enhance customer loyalty. The availability of preferred #payment methods is a critical factor in consumers’70% of Shoppers Say #Payment Options Influence #Online Shopping