How To Create a Stress-Free Payment Process For Your Customers
Creating a holistic and seamless experience begins with setting up a quality website, working up the SEO rankings to many more. to top it all, payment processing is the ultimate objective that decides the course of your business adding fuel to the sales engine. Having a great, simple payment process is the most enjoyable thing that most online shoppers would fall for. Making the payment process as simple as a click-and-go for them is essential to increase conversion rates and gain more sales. So make the process of paying and checking out as easy as possible.
Are you looking to make your payment process easier than before for your customer?
Here are a few ways that will help to make online payment processing easy.
1. Offering Multiple Payment Gateways:
For online shopping, people across the globe have different payment options supported through multiple payment gateways. A website should incorporate these payment methods as online shopping is frequently done. Companies should conduct market research on the target audience and their preferred payment choices to see what gateways and methods they use often. People expect a variety of options on the checkout page, and when a company omits the popular payment gateways, customers create a different perception of the brand.
Almost 60% of customers will abandon a transaction if their preferred payment method isn’t accepted.
Customers feel trusted and secure when they can make payments with their desired payment option.
MYFUNDBOX is integrated with leading payment processing decacorns like Stripe, GoCardless, and Mollie which supports more than 15 payment methods including bank transfer, debit cards, credit cards, SEPA, etc.
2.Create Clear Pricing Policies
Taxes, shipping costs, and any other costs associated with a product or service are all included in pricing policies, which give customers a general idea of what to anticipate to pay. Including this information up front will provide customers with all the necessary information about the price, enabling them to make an informed decision before committing to purchase, avoiding financial surprises later.
3. Clear Calls to Action
Don’t leave people guessing what to do next. Provide them with easy & clear directions on where to click and what happens next. Make it specific by using phrases like “continue to check out” or “continue shopping” rather than ambiguous phrases such as “continue” or “apply.”.
4. Make Sure to Ask for Only Important Information
To make your payment process as easy as possible for your online customers, it is also essential that you ask for only important and mandatory information. You know if you are asking your online customers to fill in lots of information that is not important for making the purchase; it kills the conversion rate of your website. It irritates your customers to fill in a long list of questions in order to make a payment. In order to ensure that you do not lose your customers, you need to ask for limited information that is important.
MYFUNDBOX gets only necessary data from the customer, for the first time. For existing customers, personal information will be loaded automatically when they enter email id, which customer can save their valuable time.
5. Build a Seamless Design
Make everything on your app consistent. This implies utilizing the same hues, textual styles, and outline on your checkout page as on whatever is left of your site, so you can raise brand acknowledgement for your business.
One more thing, a good and consistent design gives the customers a good impression of your professional style. So, keep your checkout page consistent and well-designed to satisfy your customers.
MYFUNDBOX has a simple process to complete the checkout on a single page with multiple products within a minute.
6. Automate Payment Performance Management
Automating payment performance management processes can save time and effort for everyone allowing you to focus on your business & ensuring a smooth and stress-free experience for your customers.
Automation reduces the need to manually track payments and allows businesses to send automatic payment reminders through dunning management when applicable.
In addition, automated systems can also help to identify any potential errors or discrepancies in payment information quickly, reducing the risk of additional costs or delays resulting in the predictable cash flow in your business.
With the above-mentioned ways you’ll not only increase sales, but also create an enjoyable experience and hassle-free environment for collecting online payments, easily and securely, that people will come back to.
About us:
MYFUNDBOX is a subscription billing platform to help businesses handle recurring billing and revenue management operations integrated with payment processing decacorns like Stripe, GoCardless, and Mollie.
In partnership with Google Cloud, MYFUNDBOX provides a single platform to enable customer-preferred payments globally.
It provides trouble-free payment processing culture leaving the customers with satisfaction and wanting more experience.
To find out more, check MYFUNDBOX
REFERENCE:
