New Stripe Feature Can Increase conversions by 7% (+ videos)

Table of Contents

•     What do you mean by Link by Stripe?
•     How Do You Link work?
•     What are the benefits of using Stripe Link? Your Company?
•       Better checkout flow and look
•     How do you enable Link by Stripe on Your Site
•       Getting set up
•     Wrap-Up
•       Get Today!

Link from Stripe is available, and it's built right in to your current Stripe Elements integration - no additional charges or fees.

If you're an artist located in the U.S., and you're working with US$, you've now been granted access to Link.

This feature is fantastic because of a variety of factors. This is one of the most compelling:

Link customers make purchases four times more frequently than users who are not Link.

In this article, we'll cover some more fascinating statistics. Also, we'll talk about what is Link By Stripe is. We'll explain how it functions as well as assist you in getting goingwith Link on your website.

Let's get to it!

What exactly is Link by Stripe?

Link is a payment option that is available via an integration with Stripe Elements Integration.

This gives your members and clients a quick, easy, and secure option to pay single-click payment on thousands of sites.

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

Link is a certified PCI level 1 Service Provider. This means that the data of your customers are extremely secure.

What is Link? Link How Does Link Work?

Link lets users allow secure, 100% secure online payments with a simple check-out process only once.

This is a brief explanation of the way this process works...

 Step 1: The customer pays out and stores information about the payment

Your customer lands on an e-commerce site that supports Link (yours or otherwise). If they make a purchase on the site, they will save their payment details as well as their the shipping address.

 Step 2: One-click transactions are made

For any future purchases, Link autofills that customer's saved payment info so they can check out with one click.

 Step 3: The customer completes mobile verification in the future

Now your customer is all set. When they use Link for the first time on a different website and device, they'll receive a one-time code. The code can verify their identity and protect their personal information.

How can Stripe Link benefit Your Company?

The research proves cart abandonment is an enormous, expensive problem.

A study of the Baymard Institute showed that nearly 70% of buyers abandon their carts. The main cause of abandoned carts lies in the frictionin the buyer's journey.

It was also found out that almost one in five customers abandoning their carts due to the checkout process that they said was "too long and complicated".

Not only that, Baymard found that improving the checkout "flow and appearance" could help save the business around $260 billion in lost orders.

The only method to make those sales is to create an fast and friction-free buyer's journey.

With its six-second check-out process precisely what Link by Stripe does.

Improved checkout flow and layout

Link makes the buyer's journey by allowing buyers to make their purchase 9 times more efficient. Studies show that Link users experience a superior shopping experience. Link customer experience is far superior than Link users purchase four times more frequentlythan non-Link users.

So far, businesses using Link have seen an growth in conversion rates by over 7%. This is an amazing, code-freeway for small-scale online companies to create the full payment site and share the link to customers.

Ready to get it set up? It's easy!

How To Enable Linking via Stripe to Your Site

If you're a creator, and you have the Stripe connection, it's simple and simple to establish Link. Just follow these instructions.

Getting set up

Then, visit your Stripe Dashboard - settings -> Payment methods. Choose the .com platform from the dropdown.

Then scroll down to find your Link method of payment. option Click the Switch on button.

Then, enable Link in the settings of your account by selecting the Settings > Payments tab.

Find your Stripe gateway settings (see image below) Check that Stripe Elements has been checked.

After that, scroll to the bottom of the page, click the box beside Allow Link (recommended), and save your Settings.

It's all good! The next time that a customer pays out, they have the option to pay via Link.

Wrap It Up

Friction in the buyer's journey is one of the greatest sources of lost revenue due in cart abandonment. Link by Stripe is an extremely simple method to decrease friction and improve revenue on your site.

Simply activate Link within the settings of your Stripe dashboard. Make sure that it's turned on in your Settings. Two simple steps could help you get on the road to a lot of revenue growth.

Check out our Know-how Base as well as the Link by Stripe FAQs to learn more and start your journey.

Get today!

Begin to earn money for your content.

Have you added Stripe Link to your site Have you done so yet? We'd love to hear about what you think about it. Tell us about it in the remarks.