Any successful business will tell you that the customer is king, which means that if you want your business to do well you really need to listen to what they’re telling you. If you look carefully enough, there is a tonne of data to be had from any customer interaction with your company – what products did they buy, which pages on your website did they visit, what led them to your website in the first place? This data helps your company perfect the customer shopping experience, which is essential if you want to have a happy customer base which is most definitely something that you should be striving for.
The Online Shopping Experience
Customers have a lot of expectations from their online shopping experience and in many cases, much more than if they were visiting a physical store. This is because most people recognise that with a store you’re not able to control all eventualities – maybe there will be a queue for the tills or maybe another customer will ruin their day. However, online is seen as something completely different and as a result, customers expect so much more.
When you’re considering the experience your online customer has, looking at their journey on your website and with your brand is essential. Not only will you want a sales funnel that helps you follow the journey of any potential sales leads, but you should look at the bigger picture. It isn’t just retail stores that should look at the customer journey – online casinos, filing streaming websites and even social media platforms should look at what their customers need and what they can do to cater to as many customers as possible.
The idea behind a smooth customer experience is to encourage your new (or returning) customer to buy from you. When you get them to this stage, you really want to make this as easy and hassle-free as possible. They’ve already got as far as wanting to purchase from you and as such, if you put them off at this stage you’ve wasted the whole customer journey. Your pay page should be easy to read, effective and of course, reliable. This is why so many digital service providers have opted to offer as many different payment options as possible – to ensure customer demand is met as often as possible.
Why Are There So Many Options?
As a business, imagine you get your customer through every step of your website – they’ve found you, they like what they see, they’ve chosen products, selected a shipping method, agreed to pay the total shown and then they can’t pay in the way they want. Not only are they going to be really frustrated, the chances are they’ll simply close the page and go somewhere else for their products. To lose the sale at this late stage is extremely frustrating and something that no business really wants to go through. Rather than risk this happening lots of businesses have invested in being able to offer a variety of digital payments to their customers. This helps to ensure that even if the customer’s preferred choice isn’t available, there is likely to be a backup choice that they’re happy with; and therefore they complete the transaction.
The gambling industry, in general, has been particularly forward-thinking when it comes to payment options, with many of them even stepping up their game and working with Cryptocurrency. They understand the instant nature of casino transactions and that their users want their payment to be able to go through immediately and with as little hassle as possible.
What Are Customers Looking For From Digital Payment Options?
Different customers will be looking for different things from companies and their payment options. Mostly they are looking for the same as the rest of their experience with the company – for it to be smooth, effective and hassle-free. A big part of this comes from the customer being able to pay in the currency they want using the method that they want. The internet has opened up internationally shopping massively but customers don’t want to be confused by exchange rates or unsure whether what they’re spending is a good deal. As such, offering payments in a range of currencies is really important. This helps to make the payment process as simple as possible and that is the best way to help encourage them to complete their payment transaction.
Then, depending on the online service they’re using, what they’re looking for may vary. For example, if someone is using an online casino then they’ll be looking for payment processes that allow for a superfast process when it comes to withdrawing funds. Over recent years Processing speeds for withdrawing funds are seemingly getting faster and faster, and customers no longer expect to wait 3 to 5 business days for their money and instead want their winnings immediately.
What Are Companies Looking For From Digital Payment Options?
When considering what payment options to offer their customers, companies will want to ensure that the ones they offer cater well to their customer’s needs. On top of that, they’ll want to consider transaction fees – after all, if you’re a retailer that is selling thousands of products a day even a small transaction fee can add up. As such, it will be important for a company to know that not only are their transactions going to be smooth and quick but that it will come at a price that is affordable. They’ll also want to be able to offer their customers a secure payment service, so a company that supports this and allows a company to provide this is essential.
Realistically the surge in digital payment options come down to both customer demand and the fact that there are now so many options available. Advances in technology means that there are more digital payment options than ever, so it makes sense that e-commerce websites take advantage of as many of these as possible, to help ensure that customers are kept happy.