Thursday, May 1, 2008

Alternative Payments may lower Conversion Rates

Huh? I thought the idea behind alternative payment types was to increase sales conversion. So you can imagine my surprise when I was listening to the eCommerce Checkout Report from Elastic Path, Jason Billingsley, on the Internet's Top 100 Online Retailers. It appears from their survey, that merchants that did not offer alternative payments had a significantly higher conversion rate than those that did offer them.

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