Did you know that 67% of all online shopping carts are abandoned? And 72% of respondents said it was because the cart was just too expensive? With the U.S. shifting from brick-and-mortar to eCommerce, these statistics represent a serious loss of revenue for your customers and you, the merchant acquirer. Capturing just 3% of that lost opportunity would be significant, right?
I got introduced to a company called Sezzle (www.sezzle.com). They offer interest free installment plans for consumers. They are helping merchants capture 8% of that opportunity and increase average order values by 30%. They have a competitor in Australia that’s now coming to the US to do the same thing but here’s the difference; Sezzle has opened their solution to my resellers (my top quality payment resellers). This means that Sezzle could be resold (fairly easily) to eCom merchants and you could earn an additional 50bps per transaction.
I am hosting a webinar with Sezzle on July 19th at 12:30 pm EST titled Increasing Sales and Basket Sizes through ‘Shop Now and Pay Later’. Click here to register.
Bringing you unique innovative goods and services that will drive revenue and value for you and your customers.
Have a great one. Evan
PS – i added an article/blog below on eCom