Optimizing online payments is essential for growth
In a world that’s rapidly becoming more digital and more mobile, payment is critical to merchants’ success.
In partnership with Adyen, payment consulting firm Edgar, Dunn & Company (EDC) has identified five best practices to increase overall profitability, based on interviews with merchants and experts, along with a wealth of global data.
The five best practices to optimize online payments include:
- Optimizing the mobile payment experience to increase checkout conversion
- Localizing payment methods to unlock new customer segments
- Implementing a global acquiring strategy with a local approach
- Leveraging payment data insights to increase conversion rate and reduce acceptance costs
- Using an intelligent, data-based approach to minimize risk and maximize revenue
Find out 5 best practices to enhance the consumer experience and boost your payment processing.
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“ Being able to accept multiple mobile payment methods and mobile wallets is the trend right now. To improve the overall mobile payment experience and increase conversion rate, you need to simplify the checkout process, which includes 1-click payment. It is not enough to only offer customers their preferred payment methods, you need to reduce friction in order to provide them the best-in-class experience.”
Business. Not boundaries.
Adyen is the payments platform of choice for the world’s leading companies. We’re the only provider of modern, end-to-end infrastructure connecting directly to Visa, MasterCard, and the payment methods preferred by consumers around the world. For frictionless payments across online, mobile, and in-store, choose the platform that defies limitations and puts business first.