Bitcoin Retailer Solution: Study Finds Why Many Online Shoppers Abandon Purchases
A study performed by Skrill last Wednesday revealed that online shoppers will abandon a purchase for a multitude of reasons, most of which Bitcoin payments solve. The study showed one in every four consumers will quit their purchase altogether if the retailer doesn't offer their preferred method of payment. Of 2000 people surveyed, 38 percent told the online payment processor that they would leave their cart incomplete if they are forced to create an account through the site. 32 percent said if the website is asking for too much information, consumers also will not complete their purchase....
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Despite the large concentration of Bitcoin and other cryptocurrency related activities in China, a new report suggests that a tiny proportion of online shoppers in the world’s most populated country use the top digital currency. The study, based on a 20-minute digital survey with a nationally representative sample of 1,000 online digital shoppers ageing 18+ in the U.S. and China, conducted between Sept. 19 and Oct. 12, 2016, says credit cards, online payment services and mobile wallet still tops the list of the most used online payment method by device among US and Chinese shoppers....
Savvy seasoned shoppers know to skip the black friday shopping mayhem for the relaxed comfort of shopping from their home on cyber monday. Cyber monday is the day online shopping skyrockets through the roof. According to Adobe Systems 2013’s Cyber Monday saw an increase of 16% from 2012 to an astonishing record $2.29 Billion in sales. (USA Today) This year, shoppers will not have to wait for Cyber Monday to get crazy discounts on their online purchases. With bitcoin, shoppers can save up to 25% shopping online with Amazon starting NOW. That’s right, anything you can buy on Amazon, you can....
Another major online retailer has announced that it is now accepting bitcoin. This time it's TigerDirect. The company revealed the news on Thursday to much fanfare on its site, with an educational guide to bitcoin and incentives for GPU card shoppers to "Start Mining with AMD". TigerDirect will use BitPay as its payment processor, becoming that company's largest client to date. Bitcoin will be accepted only for online purchases, not in physical stores. TigerDirect's parent company, Systemax Inc. (which includes Canadian subsidiary TigerDirect.ca) is a Fortune 100 company with annual....
AutoPartsWay, a New York, N.Y.-based auto parts e-commerce retailer serving the U.S. and Canada, has become the first major auto parts online retailer to accept payment in bitcoin. The announcement marks another major retailer that accepts bitcoin, supporting the use of bitcoin as a currency for consumer purchases. The company offers a large selection of exterior, interior, engine, AC, brakes, and other parts for vehicles. The company has opted to accept bitcoin in response to customer requests, according to its website. Users can now utilize both traditional payment methods (MasterCard,....
Over 60% of responding crypto owners said that they were interested in using crypto as a payment method to make online purchases more private or secure. Payments in cryptocurrencies like Bitcoin (BTC) make up one of the biggest use case demands among consumers alongside long-term investment, according to new data.Pymnts, a major payments-focused publication, released Monday a report on consumer preferences regarding cryptocurrency payments. Dubbed “Cryptocurrency Payments Playbook: Cryptocurrencies Gain Momentum As A Payment Option,” the study analyzes a survey of over 8,000 consumers in....