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Increase Sales and Conversions with PayPal Best Practices 7 Easy Steps to Improve Sales and Conversions Catherine Chiang, Principal Product Manager Pam Winding Sr. Manager, Best Practices & Experience
Agenda ,[object Object]
Development
Walk-through the 7 Easy Steps
Resources
The Vision for the Near Future2
3 Why Best Practices Are Important? ,[object Object]
Over 50% of online shoppers abandon the shopping cart
Increase checkout conversion rate is the key to success! Source: Checkout Abandonment Study, ComScore, May 2008
Imagine You Have Never Used PayPal and Stumble upon a Website Would you want to use PayPal? 4
Best Practices are beyond the PayPal Pages- It’s about the End-to-End Experience A Typical Merchant Flow: Billing/Shipping/Payment Page  Congratulations  Account Page  Product Description  Shopping Cart  Home Page  Current Focus ,[object Object]
 Site ConversionPast Focus Login Review  Improved PayPal branding and presence can provide a significant boost to the merchant’s conversion and sales. 5
Multivariate Testing across Websites to Understand Best Practices Methodology  ,[object Object]
Used Omniture Test and Target to A/B test different recipes focusing on the overall sales and conversionKey Metrics # of users that reached the confirmation page Site Conversion Rate = # of users that viewed the page being tested DoExpressCheckout (Complete payment) PayPal Conversion Rate = Redirects (Payment Attempts) = Sales Merchant’s overall sales (PayPal and non-PayPal) 6
How to apply PayPal Checkout Best Practices 7
8 1. Use PayPal banners on the Home, Category and Product Details Pages ,[object Object],[object Object]
TIP: Place the PayPal Express Checkout Shortcut to the right or left, top or bottom of the merchant checkout button.,[object Object]
Can increase conversion rates by up to 6%. ,[object Object]
5. Show PayPal as a Payment Option on the Payment Page   12 ,[object Object]

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Increase Conversion and Reduce Abandonment with PayPal Best Practices

  • 1. Increase Sales and Conversions with PayPal Best Practices 7 Easy Steps to Improve Sales and Conversions Catherine Chiang, Principal Product Manager Pam Winding Sr. Manager, Best Practices & Experience
  • 2.
  • 4. Walk-through the 7 Easy Steps
  • 6. The Vision for the Near Future2
  • 7.
  • 8. Over 50% of online shoppers abandon the shopping cart
  • 9. Increase checkout conversion rate is the key to success! Source: Checkout Abandonment Study, ComScore, May 2008
  • 10. Imagine You Have Never Used PayPal and Stumble upon a Website Would you want to use PayPal? 4
  • 11.
  • 12. Site ConversionPast Focus Login Review Improved PayPal branding and presence can provide a significant boost to the merchant’s conversion and sales. 5
  • 13.
  • 14. Used Omniture Test and Target to A/B test different recipes focusing on the overall sales and conversionKey Metrics # of users that reached the confirmation page Site Conversion Rate = # of users that viewed the page being tested DoExpressCheckout (Complete payment) PayPal Conversion Rate = Redirects (Payment Attempts) = Sales Merchant’s overall sales (PayPal and non-PayPal) 6
  • 15. How to apply PayPal Checkout Best Practices 7
  • 16.
  • 17.
  • 18.
  • 19.
  • 20. Use radio buttons to present options
  • 21. No method of payment is selected by default.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27. Expand from the online retail focus to other checkout experiences. Mobile Digital Goods Online Retail
  • 28.
  • 29. Early PayPal branding & Messaging
  • 30. Logo & line item details for seamless transition
  • 31. Put yourself in the buyers’ shoesOptimize your checkout flow, become one of your buyers, and you’ll see results translate instantaneously. 18
  • 32. LEARN AND SHARE www.x.com Twitter: @paypalx www.facebook.com/paypalx Innovate 2010 hashtag: #xinnovate   Give us your feedback: https://www.x.com/community/ppx/feedback