Offering finance to your customers might seem like an additional step, but it has been shown to have a substantial impact. Businesses offering this option have seen their average order values rise, sometimes by as much as 60%. This isn’t just about providing flexibility; it’s a practical way to enhance business growth. Dopple’s finance solution has been helping retail businesses across the UK reduce cart abandonment and convert more interest into completed purchases. Let’s explore why offering finance to your customers with Dopple is an effective way to improve your sales performance.
Why Offering Finance to Your Customers Makes Sense
According to recent data, around 77% of UK mobile orders are abandoned at checkout Oberlo. Often, this happens not because customers no longer want the items, but because they struggle to manage the full payment upfront. By giving customers the option to spread payments, businesses can turn these abandoned carts into sales. When customers have this option, they are more likely to complete their purchases and may even add more items to their cart.
Dopple’s Multi-Lender Waterfall Solution: A Closer Look
Traditional single-lender finance options can lead to declined applications, missed sales, and frustrated customers. Dopple’s multi-lender approach changes this dynamic by sharing applications with several lenders, increasing the likelihood of approval.
For retailers, this results in a higher approval rate, increased order values, and fewer customers leaving without making a purchase. By offering finance to your customers, you can help them proceed confidently, leading to a higher rate of sales conversions.
How Finance Options Influence Customer Spending
When customers know they can spread costs, they’re more inclined to add extra items to their basket. Many businesses have reported seeing significant increases in average order value just by offering finance to your customers. It’s a simple yet effective approach that can positively affect your business's bottom line.
The Dopple Advantage: Reduce Abandonment and Increase Sales
Beyond increasing order values, Dopple’s approach has shown a notable reduction in cart abandonment. By integrating our finance plug-in, customers can access multiple finance options, making it much more likely they will complete their purchases. This is one of the key benefits of offering finance to your customers, and it can transform your checkout experience.
How to Start Offering Finance to Your Customers
If you’re considering offering finance to your customers, Dopple makes the process straightforward. Our easy-to-integrate plug-in allows you to set up multiple finance options, backed by our multi-lender approach. This means fewer rejections, more completed sales, and an improved customer experience.
To learn more about how offering finance to your customers can support your business growth, get in touch with Dopple today and explore how you can enhance your checkout process.
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