One-click checkout has become a popular trend in e-commerce, with many businesses adopting these tools 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% globally. The study also found that lengthy and complicated checkout processes are one of the main reasons for cart abandonment driving 24% of abandonments.
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.
Careem Pay One-Click Checkout
With Careem Pay’s One-Click Checkout, users can save their payment details, such as credit card information, and use it to make payments with just one click. This feature eliminates the need for users to enter their payment information repeatedly, making the checkout process faster and more convenient.
From a statistical perspective, one-click checkout can help increase conversion rates and reduce cart abandonment rates. When users have to enter their payment information manually, there is a higher likelihood of them abandoning their cart and not completing the purchase. With one-click checkout, the payment process is faster and more seamless, reducing the likelihood of cart abandonment.
In conclusion, these statistics show that one-click checkout is an important need for every 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’s becoming an expectation from online shoppers, and businesses that don’t offer this checkout option may be at a disadvantage compared to their competitors.