The new feature on Stripe could increase conversions by 7% (plus videos)

Table of Contents

•     What do you mean by Link by Stripe?
•     How Does Link Function?
•     What are the benefits of using Stripe Link? Your Business?
•       Improved checkout flow and style
•     How to Enable Link by Stripe on Your Site
•       Getting set up
•     Wrap Up
•       Get Today!

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

If you're a creative in the U.S., and you're using USmoney, you've been granted access to Link.

The new feature is amazing for lots of reasons. Here's one of the most compelling:

Link users make purchases four times more often than those who do not.

In this article, we'll go over even more exciting stats. We'll also talk about the benefits of the Link feature of Stripe can do for you. We'll explain how it functions and assist you in getting to gripswith Link to your website.

Let's go!

What is Link by Stripe?

Link is a feature for payment accessible through the Stripe Elements Integration.

Your customers and members a speedy simple, secure, and easy method to process single-click payment on thousands of sites.

If it's your website or another site that has Link enabled, the first time a user is able to pay through Link, the system saves and encrypts their info in order to allow future 1-click payment.

Link is a certified PCI Service Provider Level 1 so the data of your customers are extremely secure.

What is Link? Link Function?

Link provides users with the ability to make completely secure one-click online payments with a simple checkout process just once.

This is a brief explanation of the way this method is carried out...

 Step 1: Customer pays out and stores details about their payment

The customer is on an online store that is supported by Link (yours or another). After they have completed their purchase, they save their payment information and shipping address.

 Step 2: One-click transactions are made

In the event of any subsequent purchases, Link autofills that customer's details of their payment so that they can check out with just one click.

 Step 3: Customer completes mobile verification moving forward

The customer now is set. When they use Link on a new site or gadget, they'll be issued an unique code. This code will verify their identity and ensure that their information is secure.

How can Stripe Link benefit Your Business?

Research proves that abandonment of carts is an enormous costly and expensive issue.

For example, a study conducted by the Baymard Institute showed that around 70 percent of buyers quit their shopping carts. The main cause of abandoned carts lies in the frictionin the buying process.

The same study found that close to 1 in 5 consumers abandoning their carts due to the checkout process that they said was "too long and complicated".

And, not only that, Baymard found that improving the checkout "flow and layout" can save businesses $260 billion in lost sales.

The only method to make the sales lost is to develop a quick and smooth buyers' journey.

Through its six-second check-out process this is exactly what Link by Stripe does.

Improved checkout flow and layout

Link can make the buying experience by allowing buyers to make their purchase 9 times more efficient. Studies show that the Link user experience is significantly better in that Link users buy four times more frequentlythan non-Link users.

Since its launch, companies using Link have witnessed an rise in conversions to about 7%. It's an astonishing, code-freeway for small businesses online to design an entire payment page, and share the link to customers.

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

How to Enable Link to Stripe on Your Site

If you're creator and have access to the Stripe integration, it's quick and simple to setup Link. Simply follow these instructions.

Getting set up

To begin, log into the Stripe Dashboard - settings -> Payment methods. Select the .com platform from the dropdown.

Scroll down until you find that Link method of payment. option Click the Turn on button.

Then, enable Link to be enabled in your preferences by clicking the > Settings > Payments tab.

Find your Stripe gateway's settings (see image below) Make sure Stripe Elements is checked.

Scroll down and then check the box that says Allow Link (recommended), and save your Settings.

It's all good! When a client checks out, they can choose to pay using Link.

Wrap-Up

In the journey of a buyer, friction is one of the greatest reasons for revenue loss due to cart abandonment. Link by Stripe can be an easy way to reduce that friction and boost the number of sales on your site.

Simply make sure you enable Link on your Stripe Dashboard. After that, make sure Link is enabled in your Settings. Two simple steps could send you on your way to lots of increased revenue.

Visit our Knowledge Base and also the Link to Stripe FAQs to find out more details and begin your journey.

Take Action Today!

Start getting paid for the content you create.

Have you implemented Stripe Link to your site Yet? We'd love to hear about how it's going. Let us know in the comments.