Upselling — or persuading your customers to buy a better version of the product they’re considering getting — is one of the best ways eCommerce businesses can boost their average order value. Upselling involves prompting consumers to get a newer, better, or more value-for-money upgrade over the one they’re considering. When done right, upselling helps […]
When it comes to the recurring payment model, Stripe is the leading payment gateway. Featuring an end-to-end automated recurring charge management system, fixed and flexible recurring billing options, churn prevention tools, and prorating capabilities, Stripe is the go-to gateway for accepting recurring payments. In today’s post, we’ll see three ways you can bring Stripe to […]
Recurring payments allow you to get paid on time, thus regulating your business’s cashflow. Also, since invoice or bill generation is automated with recurring payments, your payment logistics get greatly simplified. Besides that, you have a near-guarantee of “repeat” orders/projects, subsequently earning more revenue. You can get all these advantages by accepting WordPress recurring payments […]
What are recurring orders? Find out what such orders are and how an online store processes them. Plus, how you can set them up on your store.
Wondering what the monthly recurring charge metric is all about? In this primer, we’ll define what monthly recurring charge is, its different types, and how businesses (more so, eCommerce businesses) can benefit from implementing recurring payment models. Here goes. What is a monthly recurring charge? A definition. A monthly recurring charge (MRC) is the amount […]
eCommerce subscription — or selling (physical) eCommerce products as subscriptions — is a great way to convert one-time or ad hoc customers into lifetime subscribers. In fact, pivoting to the subscription model is one of the best growth hacks for eCommerce stores looking to grow their business and build long-term customer relationships, according to McKinsey. […]
Did you know that 31% of consumers have at least one retail subscription service? Also, the subscription cancel culture is visibly fading — subscribers intend to keep their subscriptions. Apply this to your eCommerce business, and you’ll see that you can convert every third customer that you sell to into a “subscriber.” On average, a […]
By adding subscription products to your online store, you get a chance to convert your ad hoc or one-time shoppers into lifetime subscribers. You’d be surprised to know that pivoting to the subscription model is one of the top three ways McKinsey suggests to eCommerce businesses looking to drive long-term relationships. Subscriptions tie directly to […]
Here's how you can accept recurring payments on your WooCommerce store and sell subscriptions with Stripe.
PayPal is the go-to payment gateway for online shoppers. Did you know that customers are about 54% more willing to buy from you if you accept PayPal? In the same research, about 59% of PayPal users reported abandoning transactions as the etailer didn’t support PayPal as a checkout option. Note also that PayPal is actively […]