How to simplify checkout process with PayByBank
In the fast-paced world of e-commerce, a seamless and easy checkout process is paramount to ensure customer satisfaction and increase conversion rate.
There are many times when consumers, while they have added products to their cart and are ready to make their purchase, the complicated checkout process discourages them, resulting in abandoned transactions.
Unlike many traditional payment methods, PayByBank automated bank deposit simplifies the checkout process, offering advantages to both your online store and its clientele. Let’s take a detailed look at how this operates!
Checkout with traditional payment methods
With traditional payment methods, customers are often asked to manually enter their payment details, including card number, expiry date and CVV code. In fact, when opting for a straightforward bank deposit, they are required to furnish proof of payment to facilitate the processing of their order shipment. This time-consuming process at checkout can discourage them, especially those using mobile devices, leading to increased cart abandonment rates.
At the same time, traditional payment methods may raise concerns about the security of sensitive financial information and privacy, especially among individuals preferring to execute online transactions without divulging their card details.
Checkout with PayByBank
PayByBank allows your customers to complete their online transactions quickly and seamlessly, without providing their card details. This eliminates the need to manually enter payment details, greatly simplifying the checkout process.
In addition, users are given the opportunity to carry out online transactions, even if they do not have a bank account, online banking or card, as well as to pay online or by cash at PayLink – Western Union service points.
Finally, when the PayByBank automated bank deposit is selected as a payment method no sending of proof of deposit is required, as your e-shop is automatically informed about the completion of the order.
As a result, with PayByBank:
- time is preserved
- hesitant customers experience heightened feelings of security
- the probability of cart abandonment decreases
- satisfaction levels rise
- the overall shopping experience sees enhancement
- the likelihood of repeat purchases increases
Still thinking about it? Contact us and integrate PayByBank into your e-shop today to benefit multiple times over!