Conversions increased by 37% when Express Checkout with a bank is offered!
- Increased sales on current traffic up to 37% with express checkout
- 2x reduced payment costs through direct bank payments
- Accelerated fund processing time
Orders & Profitability Growth Example
If a merchant has around 100 orders per day with a €70 order volume, then the results of Open Bank Express Checkout will be as follows:
- 1200+ ordersWith a 37% higher conversion rate, the example store will get 1200+ extra monthly orders when offering Open Bank Express Checkout.
- €84,000+ in revenueOn average, 1200+ orders will lead to €84,000+ monthly growth in revenue.
- €2,940+ less feesWith payment fees reduced by half when Open Bank Express Checkout is offered, the example store will save €2,940+ per month.
About Wallid
Before and After Shopping Experience
Before - 69% cart abandonment
An average checkout setup consisting of 3-4 steps can result in up to 69% cart abandonment and lost sales.
After - 28% conversions increase
Express Checkout with bank could increase conversion up to 28%
Leverage Open Bank Connection
Convert more shoppers with instant bank payments. Wallid Checkout users have cut their payment journey down to as little as 25 seconds – with no clunky redirects, no lengthy forms, and no unnecessary friction.
One Step Checkout With Data Prefilled
A simple, fast one step checkout for your customers. A low-fee, high-converting checkout with data pre-filled from bank.
How will Wallid improve main eCommerce challenges in 2023
Increased conversion, lower fees, returned customers, KYC on the go and more
Challenge 1:
High (69%) cart abandonment.
High (69%) cart abandonment.
Improvement: Simplified fast checkout increase conversion.
Challenge 2:
Payment processing cost & time.
Payment processing cost & time.
Improvement: Real-time customer-to-merchant bank account payment with up to 90% lower processing fees.
Challenge 3:
One-time buyers are the majority of sales.
One-time buyers are the majority of sales.
Improvement: 30+ million users with a pre-filled checkout form and conversion similar to returning customers.
Challenge 4:
Cyber security and eCommerce fraud.
Cyber security and eCommerce fraud.
Improvement: Built-in KYC verified by the user's Bank or ID Wallet.
Challenge 5:
Low (30%) trust to company data storage.
Low (30%) trust to company data storage.
Improvement: Decentralized Personal & Payment data storage that is controlled by the user.
Get started with Wallid Checkout
- Increased sales on current traffic up to 37% with express checkout
- 2X reduced payment costs through direct bank payments
- Accelerated fund processing time
Want to move fast?
© 2023 Wallid
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Company
Wallid.co Ltd.
2A Connaught Avenue,
London, E4 7AA, UK.
2A Connaught Avenue,
London, E4 7AA, UK.
