One-click checkout has become a popular trend in e-commerce, with many businesses adopting this checkout process to improve their conversion rates and reduce cart abandonment. Here are some stats that highlight the importance of one-click checkout for every online business:
According to a study by Baymard Institute, the average cart abandonment rate is 69.57%. The study also found that lengthy and complicated checkout processes are one of the main reasons for cart abandonment.
Another study by SalesCycle found that the average cart abandonment rate for e-commerce businesses using one-click checkout was 27%, compared to a rate of 41% for businesses using a traditional checkout process.
In a survey conducted by Econsultancy, 47% of respondents said that a simplified checkout process would encourage them to shop more frequently online.
According to a study by Amazon Pay, one-click checkout can lead to a 21% increase in conversion rates.
One-click checkout has been shown to improve customer loyalty and retention. A survey by TrueShip found that 86% of shoppers said they would be more likely to return to a business that offered a simple and easy checkout process.
The adoption of one-click checkout is increasing among businesses. A survey by Statista found that 26% of online retailers planned to adopt one-click checkout in the next 12 months.
In conclusion, these statistics show that one-click checkout is an important need for every Checkout conversion online business. By simplifying the checkout process, businesses can reduce cart abandonment, increase conversion rates, and improve customer loyalty and retention. As more businesses adopt one-click checkout, it is becoming an expectation among online shoppers, and businesses that do not offer this checkout option may be at a disadvantage compared to their competitors.