Shop Pay is Shopify’s one-tap accelerated checkout that enables shoppers to speed through every purchase with their saved shipping and billing information. For brands, this means higher conversion rates, and we have the data to prove it.
An external study by a Big Three global management consulting company found that Shop Pay lifts conversions by up to 50% relative to guest checkout, and outpaces other accelerated checkouts by at least 10%.
Even when it isn’t used by a buyer, the mere presence of Shop Pay increases lower funnel conversions by 5%—and you can expect higher conversions across multiple channels where you sell: your online store, in the Shop App, Facebook, Instagram and Google.
Simply put, Shop Pay is the argentina mobile database internet’s best converting accelerated checkout. You can get Shop Pay for free by setting up Shopify Payments for your store.
Shop Pay Installments: boost sales with buy now, pay later
Shop Pay Installments is Shopify’s native buy now, pay later (BNPL) solution that’s fully integrated with your online store and Shopify POS. With it, shoppers have the flexibility to split purchases into four equal, interest-free payments, or monthly installments for up to 12 months with no additional, hidden, or late fees, and no impact to their credit scores.**
There’s also Shop Pay Installments Premium, which allows customers to maximize their budgets even further by letting them pay equal, interest-free payments for up to 12 months, or in monthly installments with interest for up to 24 months on orders between $50 and $17,500 USD. This is a fantastic option for increasing the conversion rates on high price point products.
Merchants who have activated Shop Pay Installments to date have seen up to 50% increase in average order values, and up to 28% higher conversion rates. To see the results for yourself, turn on Shop Pay and unlock Shop Pay Installments today.