The new feature on Stripe could increase conversions by 77% (+ Videos)

Table of Contents

•     What do you mean by Link by Stripe?
•     How does Link Work?
•     What are the benefits of using Stripe Link? Your Business?
•       More efficient checkout process and style
•     How To Enable Linking by Stripe on Your Site
•       Getting set up
•     Wrap-Up
•       Get Today!

Link powered by Stripe is available, and it's integrated to your current Stripe Elements integration. There are no extra charges or costs.

If you're a creator within the U.S., and you're working in USmoney, you've got the ability to access Link.

The new feature is amazing due to a myriad of reasons. Here's one of the most compelling:

Link users buy 4 times more often than non-Link users.

In this article, we'll cover even more exciting stats. In addition, we'll discuss what Link by Stripe is. We'll explain the way it operates, and we'll assist you in getting goingwith Link on your site.

We'll get started!

What exactly is Link by Stripe?

Link is a payment feature available through Stripe Elements integration. Stripe Elements connection.

This gives your customers and members a speedy safe, simple and secure option to pay one-click transactions on tens of thousands of sites.

It doesn't matter if it's your site or another Link-enabled site, the first time a user is able to pay through Link, the system saves and secures the user's information in order to allow future 1-click payment.

Link is a certified PCI service provider level one, so the data of your customers is extremely safe.

How does Link How Does Link Work?

Link allows users to enable completely secure 1-click payments across the internet through a simple check-out process only once.

This is a brief explanation of how this easy method is carried out...

 1. Step 1: Client is able to check out, and then saves the details about their payment

Your client is redirected to an online store that is supported by Link (yours or another). When they checkout, they save their payment information and shipping address.

 Step 2: One-click payments are enabled

For any future purchases, Link autofills that customer's details of their payment so that they can checkout with only one click.

 Step 3: Customer completes mobile verification moving forward

Now your customer is all prepared. Once they've used Link for the first time on a different website or gadget, they'll be issued an unique code. The code can confirm their identity, and also protect their personal information.

How can Stripe Link benefit Your Business?

Research proves that abandonment of carts is a big cost issue.

In one instance, a research of the Baymard Institute showed that almost 70 percent of buyers quit their shopping carts. The primary reason for the abandonment of carts is the frictionin the customer's buying journey.

It was also found out that nearly 1/5 of consumers left their carts in response to a checkout process they claimed was "too long and complicated".

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

The only way to recoup the sales lost is to develop a quick and smooth customer journey.

Its 6 second checkout process this is exactly the way Link by Stripe does.

Design and flow of checkouts that are more efficient and user-friendly

Link makes the buyer's journey up to 9 times more efficient. Research has shown that Link users experience a superior shopping experience. Link user experience is far superior than Link users buy four times more frequentlythan non-Link users.

Businesses that have used Link have witnessed an growth in conversion rates by about 7%. This is an amazing, code-freeway for small online businesses to build an entire payment page, and to share it to customers.

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

How to Enable Link to Stripe on Your Site

If you're a creator and you have the Stripe Integration, it's simple and simple to establish Link. Simply follow these steps.

Setting up

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

Then scroll down to find your Link payment method then click the button to turn on the button.

Next enable Link to be enabled in your settings by going to the Settings > Payments tab.

Find your Stripe gateway settings (see picture below), and make sure Stripe Elements has been checked.

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

You should be all set! Next time a customer checks out, they can choose to pay via Link.

Wrap Up

In the journey of a buyer, friction is one of the main causes of revenue lost in cart abandonment. Link by Stripe can be a super simple way to reduce that friction and increase revenue on your site.

Just make sure you enable Link within your Stripe dashboard. Then make sure it's enabled in the Settings. These two little steps can get you on the path towards a wealth of additional revenue.

Visit our knowledge Base and also the Link to Stripe FAQs to learn more and start your journey.

Start Now!

Start getting paid for your content.

Have you added Stripe Link to your site Yet? We'd love to know what you think about it. Let us know in the remarks.