PayPal Complete Payments launches for online small businesses in the UK, Canada and across more than 20 European markets. The solution enables small businesses in the UK to accept a range of payments including PayPal, buy now pay later solutions, Apple Pay, Google Pay, credit and debit cards, and alternative payment methods from around the world.
Small businesses face a myriad of challenges from finding new customers and managing cashflow to driving sales. Giving shoppers more choice in how they can pay can help turn prospects into customers and grow sales. A recent report found 43% of consumers in the UK are more likely to complete checkout, rather than abandon their cart, if the retailer offers their preferred payment method.
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Iain Blackburn, Operations Director at Gold Standard Nutrition, a meal delivery service, commented: “As a meal delivery service, it’s critical that we focus on more choice and convenience for our customers with the payment options we offer. With PayPal Complete Payments, we’ve experienced greater checkout conversions and hardly any chargebacks, which is hugely beneficial to our business.
Vincent Belloc, Managing Director, PayPal UK, said: “We’re bringing our latest innovation to the UK market. With advanced features, our new solution enables simplicity and helps drive growth for online small businesses. PayPal Complete Payments has so far resulted in an average 4.2 per cent lift in credit and debit card acceptance for merchants in the UK, which is meaningful for our customers. Early data demonstrates that it helps boost customer conversions and drive revenue.”
Securely storing payment methods and simplifying the checkout experience
PayPal has integrations with several e-commerce platforms, including Adobe Commerce, Big Commerce and WooCommerce, which makes it easier for their customers to quickly take advantage of this new solution.
This new solution enables eligible small businesses to allow their customers to securely store their payment methods in the PayPal vault for future purchases. This provides an easy shopping experience for consumers and helps small businesses drive conversions and repeat buyers.
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