EcommerceBytes-NewsFlash, Number 2809 - May 22, 2012 - ISSN 1539-5065 1 of 3
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PayPal certainly encourages retailers to offer its payment service as a method of payment everywhere shoppers pay for their purchases, and on Friday, it pointed to the success realized by a specific retailer who added PayPal to its checkout flow. According to a post on the PayPal blog by Karen Fry, Director of Large Merchant Marketing at PayPal, GNC found a dramatic lift in sales when it offered PayPal as a payment option on its website. GNC conducted multivariate testing on its site and found that offering PayPal at checkout increased sales by 4% over the same shopping experience than without PayPal. Fry quoted GNC executive Jeff Hennion, "We were optimistic that we'd see a boost by offering PayPal checkout to customers. The proof is in the data. Offering PayPal as a payment option drove quantifiably higher sales." |
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About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. |
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Email this story to a friend. 1 of 3 ![]() |
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Should online merchants offer shoppers a range of online payment services on their website checkout? Reports in the past have indicated that yes, offering consumers choice can increase conversion rates.