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Americas

United States
Puerto Rico

Europe

Denmark
Germany
Ireland
Norway
Poland
Sweden
United Kingdom
Spain

What makes a good checkout process?

Your online store is up and running, but how do you make sure that your visitors buy your new products? Creating a seamless checkout experience is just as vital as the products you sell and the platform you sell them on – after all, site visitors alone won’t increase your sales.

To ensure your customers go through with their purchases, you need to pay attention to the checkout experience your shop offers. Establishing a good checkout process will keep your customers happy and keep them coming back to your business.

20.1% of retail purchases are expected to take place online in 2024

Why is the checkout process so important?

With the growth in online shopping, creating a seamless checkout experience is an effective way for your store to remain competitive and generate revenue.

An optimised checkout process will allow your customers to experience a quicker and more efficient checkout, removing frustrations that could otherwise lose you a sale. This is beneficial for your customers as well as for you, as a merchant. Good checkout practices can lead to higher conversion rates, increased trust and reduced cart abandonment, which can increase revenue.

So, regardless of what you sell in your online store, an optimised checkout process can be a simple way to ensure your site visitors become happy, paying customers.

By 2027, 23% of retail purchases are expected to take place online

Elavon questioned more than 2,000 adults in an online survey in the UK to find out the most common reasons people pull out of a sale. The results, for ecommerce businesses, are illuminating.

Top 10 online checkout best practices

Here are ten ecommerce checkout best practices that you could implement for your online store to start increasing your sales.

“Cross-tokenisation enables one-click checkouts when buying online, so customers don’t have to re-key information. They can complete their purchases before there’s time for second thoughts and abandoned shopping carts.

 

With tokenisation, retailers can easily set up recurring payments or subscriptions. It cuts down on time spent on collections and eliminates paper invoicing. It’s even possible to keep tokens updated when a customer is issued a new card, which reduces the number of declined transactions and saves retailers’ time.”

Dave Walker, Head of Corporate Retail (UK), Elavon Europe

Paying by mobile

Benefits of providing guest checkout

Guest checkout allows a customer to buy goods without having to register or log into an account. One of the impacts of this is that the user’s data entered during the checkout process is not retained by the company. For many customers, offering guest checkout is necessary for them to feel comfortable when making their purchase. So, as a result, the use of a guest checkout can lead to improved conversion rates for certain stores.

Pros and cons of guest checkout


There are pluses and minuses for a business, when it comes to implementing guest checkout.


Benefits of guest checkout

Faster checkout

The fundamental benefit of guest checkout is a faster checkout experience. The lack of requirement to create a user account helps speed up the purchasing process, therefore improving the conversion rate. A guest checkout is perfect for one-off or impulse buyers, as it only requires them to enter the bare minimum of information for their purchase to be successful.

Lower level of commitment

Many online shoppers are hesitant to trust retailer companies with their information, so having a simple guest checkout option means a higher likelihood of conversion. A guest checkout option can lower your cart abandonment rate by catering for users who don’t wish to create a saved account.

Problems with guest checkout

Lack of customer loyalty

For example, without the availability of user data, customers won’t be available for direct marketing. As a result, the chances of establishing a relationship with the customer or customising your outreach are limited. Without the user creating an account, your marketing team won’t be able to target these users with follow-up emails suggesting future purchases.

Lady working on her laptop

Guest checkout or customer accounts?

Choosing between guest checkout or a full ecommerce checkout for your business depends on various factors.

It’s wise to consider how users navigate your website, how often customers repurchase products, and whether account creation will improve the functionality of your site. If your website is experiencing a high volume of users opting for guest checkout, you could consider introducing a reward scheme or a points system offering discounts for multiple purchases over time.

These kinds of features can help push customers towards the option of signing up for a full account, therefore increasing the chance of return purchases and brand loyalty.

How to reduce cart abandonment


Shopping-cart abandonment is a crucial problem for many ecommerce stores. You might have an amazing range of products and services but still find that many of your customers are adding items to their basket and not completing their purchase.

Studies suggest about 70% of browsers don’t buy what they’ve put in their basket.

Cart-abandonment rates typically sit at around 70%. Many online shops are keenly looking for ways to reduce cart abandonment on their site. Reducing cart abandonment can, in turn, increase your store’s sales and revenue. Although there’s no way to eradicate cart abandonment completely, there are some steps you can take to reduce it.

Ten ways to reduce cart abandonment

1. Avoid surprising customers with high fees and shipping costs

Be transparent about your shipping costs or additional fees from the start. Removing these surprises from the checkout process will increase your customers’ trust in your business, as well as reduce the possibility of cart abandonment.

2. Keep the shopping cart visible

Keep your basket icon visible on all your website pages to offer a reminder to your customers about how many items they have in their basket.
 

3. Auto-save customer’s shopping basket

If a shopper leaves your site and returns later, autosaving the contents of their basket could help encourage them to complete their previously abandoned sale. This also streamlines the checkout process.

4. Optimise page-load times

The world of ecommerce is highly competitive. If your pages are too slow to load, customers may leave your site and search for their items elsewhere. Faster load times improve the user experience, while increasing engagement with your store.

5. Use trust seals in transaction forms

Many customers may feel wary handing over sensitive payment information, particularly if they haven’t shopped with you before. Including security badges throughout the payment process can increase your customers’ trust in your business and reassure them that their information is being handled securely.

6. Include product images in baskets during the checkout process

Reminding your customers of what they’re buying can reassure them throughout the checkout process and encourage them to complete the transaction.
 

7. Provide a guest checkout option

Providing guest checkout can significantly streamline your checkout process. Many customers may not want to or have time to create an account, so providing the option for a guest checkout makes your products more easily available to shoppers and makes your checkout process more efficient.

8. Offer multiple payment options

Providing the option to pay via a range of different methods allows your customer to checkout in their preferred way and reduces the likelihood of cart abandonment.
 

9. Display clear and bold icons

Direct your customers towards the checkout using clearly visible and bold call to action buttons, such as ‘Proceed to checkout’. Bold buttons also simplify your website navigation, improving your user experience.

10. Create a sense of urgency

Displaying the number of items left or adding a countdown clock for the time remaining on a deal will create a sense of urgency or scarcity, which can encourage shoppers to complete their purchase to avoid missing out.

25% of online shoppers abandon their cart because the site wanted them to create an account.

Customer at a store

Benefits of accepting multiple payment methods

To ensure your store can reach as many potential customers as possible, you need to offer as many methods of payment as possible.

To reduce cart abandonment and ensure your online store caters to as many customers as possible, it’s important to keep up with popular, evolving ways to make payments.

There are many ways to make payments online. Although you may not be able to offer every single payment method available, having a good range of different payment options makes your online store appeal to a wider demographic of customers. Read on for some of the most popular methods for ecommerce transactions.

By 2027, it is expected that there will be 900 million BNPL users – an increase of 157%.

“Not only is adding BNPL to your ecommerce site making your business more attractive, we know it also encourages shoppers to spend more with you. The ability to spread the cost of big-ticket items across several months, potentially without any additional expense, is a real draw to shoppers.”

James King, Head of Professional Services, Elavon Europe

Why accept multiple payment methods?

Improved trust

For many customers, making a payment online is still seen as a risk and because of this, they may have a preferred way to pay. Offering a range of different payment methods makes your ecommerce store appear more trustworthy, as you’re taking the customer’s needs, preferences and security into consideration. By providing multiple payment options, you give customers the green light to trust you. Companies like PayPal gain your trust through association. The more options you offer, the more professionalism and legitimacy you show. Top reasons for the rise in digital wallets:

  • No need to carry a physical wallet
  • No need to enter long card numbers and details into a website – just double click
  • No restriction on payment limit, unlike contactless cards
  • All payments use two-factor authentication but without creating friction at the checkout
  • All data is encrypted and when paying it uses a token system meaning the merchant doesn’t see any details.

Attract new customers

The best way to attract customers is to convey that your company uses traditional methods of payment processing, as well as embracing new technology to appeal to a new generation of customers.

As a result, your business will not only continue to bring in sales from your regular customers. It will also attract new customers who choose to pay via certain payment methods, such as a smartphone, where card details may not be required – or pay-after-delivery methods, such as PayPal or Klarna.

Reduced cart abandonment

The best way to attract customers is to convey that Many customers will abandon a purchase if they’re not able to pay in their preferred way. Offering a range of payment methods can reduce friction at the checkout process and encourages the customer to complete their transaction. Reducing cart abandonment can increase your conversion rate and revenue.

“Whatever your business model and no matter who your customers are, digital wallets and alternative payment methods are here to stay and growing in popularity. Building them into your customer experience should be a critical part of your customer journey and payments strategy.”

Patrick Doyle, Vice President of Point-of-Sale Solutions, Elavon Europe

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