A new Stripe feature could boost the number of conversions to 7 % (and Videos)

Table of Contents

•     What is Link by Stripe?
•     How does Link Function?
•     What is the benefit of Stripe Link? Your Enterprise?
•       More efficient checkout process and look
•     How do you enable Link by Stripe on Your Site
•       Getting set up
•     Wrap-Up
•       Get Today!

Link by Stripe is available, and it's built right in to your existing Stripe Elements integration. There are no additional charges or fees.

If you're a creator located in the U.S., and you're working with USdollars, then you've been granted an account with Link.

This new feature is awesome due to a myriad of reasons. One of them is captivating:

Link Users make purchases 4 times more often than non-Link users.

In this blog, we'll go over even more exciting stats. In addition, we'll discuss what Link by Stripe will be. We'll show you how it functions, and we'll guide you to get startedwith Link on your website.

We'll get started!

What is Link by Stripe?

Link is a payment option available through the Stripe Elements integration.

This gives your members and clients a quick simple, secure, and easy way to make one-click transactions on tens of thousands of websites.

It doesn't matter if it's your site or another linked site the first time a user is able to pay through Link, the system saves and encrypts their info to be used for any future 1-click transactions.

Link is a certified PCI service provider level one. This means that the customer's saved information are extremely secure.

What is Link? Link How Does Link Work?

Link allows users to enable completely secure 1-click payment on the web through a simple checkout procedure only once.

Below is the breakdown of how this simple method operates...

 Step 1: The customer is able to check out, and then saves the information about the payment

The customer is on an e-commerce site that supports Link (yours or a different one). If they make a purchase on the site, they will save their payment details and shipping address.

 Step 2: One-click transactions are made

In the event of any subsequent purchases, Link autofills that customer's saved payment info so they are able to check out in just one mouse click.

 Step 3: Customer completes mobile verification in the future

Now your customer is all prepared. If they click Link for the first time on a different website and device, they'll be issued one-time codes. The code can confirm their identity, and also keep their info secure.

How Does Stripe Link Benefit Your Business?

Research proves that abandonment of carts is a major costly and expensive issue.

A study by the Baymard Institute showed that nearly 70 percent of buyers abandon carts. The most common reason for cart abandonment is the frictionin the buyer's journey.

The same study found that almost one in five customers abandoning their carts due to checkout procedures they claimed was "too long and complicated".

In addition, Baymard found that improving the checkout "flow and layout" can save businesses around $260 billion in lost sales.

The only way to recoup the sales lost is to develop a speedy and easy buyers' journey.

Through its 6 second check-out process, that's exactly what Link by Stripe does.

Better checkout flow and design

Link makes the buyer's journey by allowing buyers to make their purchase 9 times more efficient. Studies show that the Link user experience is significantly better that Link users make a purchase four times more frequentlythan other users.

Businesses that have used Link have seen an rise in conversions of more than 7percent. It's an astonishing, code-freeway for small online businesses to build the full payment site and share the link with customers.

Are you ready to set it up? It's easy!

How do you enable Link via Stripe to Your Site

If you're creator, and have an Stripe connection, it's simple and easy to set up Link. Just follow these instructions.

Getting set up

Then, visit the Stripe Dashboard Options -> Payment Methods. Select your .com platform from the dropdown menu.

Scroll down until you find your Link method of payment. option, and click the Switch on button.

Then, enable Link within your settings by going to the > Options > Payments tab.

Find your Stripe gateway settings (see picture below), and make sure Stripe Elements is selected.

Then scroll down, check the box beside Enable Link (recommended), and save your settings.

All you need to do is set! The next time that a customer pays out, they will be able to choose to pay via Link.

Wrap It Up

In the journey of a buyer, friction is among the biggest reasons for revenue loss due in cart abandonment. Link by Stripe is an extremely simple method to reduce that friction and boost the number of sales on your website.

Just make sure you enable Link within the settings of your Stripe Dashboard. After that, make sure Link is enabled within your settings. Two simple steps could send you on your way to a lot of revenue growth.

Take a look at the Know-how Base and also the Link to Stripe FAQs to find out more details and begin your journey.

Start Now!

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Have you already added Stripe Link to your site Yet? We'd love to hear about what you think about it. Please let us know via the remarks.