Author: chargeafterdev

WooCommerce retailers are advised to consider several metrics to determine the success of their online stores including, but not limited to, conversion rates, return customer rates, and abandon cart rates. All metrics are important, however, there is a growing urgency for retailers to increase average order values and associated metrics as customers spending more money is one of the most critical aspects of increasing a retailer’s revenue. There are several ways online stores can increase their average order values and, although important to implement these key steps, there are few as powerful as integrating a point of sale consumer financing platform. 

Consumer Financing for Higher Prices

Considering price-raising strategies suggested by WooCommerce, it is essential that retailers who wish to adopt this approach offer consumer means for making these large ticket purchases in order to drive up average order values. The most effective and efficient method for doing so is implementing a point of sale consumer financing platform that gives consumers access to instant capital required to make a large purchase. With ChargeAfter’s multi-lender platform, WooCommerce retailers can offer their consumers access to financing at no additional interest rates and, therefore, encourage them to make a large ticket purchase. This comprehensive consumer financing will justify the higher prices and ensure your store makes more expensive sales. The more large ticket purchases, the higher one’s average order values. 

Checkout Upselling for More Orders

Another way WooCommerce retailers can drive up their average order values is by selling more items more frequently. In order to do so, marketing teams need to consider upselling strategies that entice consumers and encourage them to make further purchases or fill their carts with more products. When considering the checkout stage, the most important and final step in the consumer journey, WooCommerce retailers may reap the benefits of integration with ChargeAfter’s point of sale consumer financing platform as it is an effective and efficient upsell tool the best online stores on WooCommerce take advantage of. The platform adds value as it ensures more consumers are capable of making a purchase at checkout, and quickly funnels them through the marketing funnel from the research stage to the buying stage. Combine this go-to upsell strategy with other checkout features and your online store will be well on its way to increasing average order values.

Customers Return More Often

The cost of acquiring new customers can be higher than targeting existing customers, so it is important that WooCommerce retailers consider remarketing strategies to increase their customer return rates. Whatsmore, it is essential that retailers encourage customers to return as often as possible should they wish to improve average order values in a specific month of operation. The primary method for doing so is employing a point of sale consumer financing platform that facilitates quick purchases and builds brand loyalty among customers willing to return to shop with one’s store. The reason ChargeAfter’s powerful platform is capable of increasing the frequency of return customers is in its ability to support their shopping instantly at no additional costs without the need for them to leave the WooCommerce store. With every step of the financing process happening in real-time, consumers are funneled through the journey as quickly as possible and are more likely to return quicker. 

WooCommerce retailers need to raise their average order values if they wish to turn a profit and one critical strategy for doing so is implementing ChargeAfter’s point of sale consumer financing platform. The powerful plugin justifies increases in product prices, creates upselling opportunities at checkout, and promotes the frequency of return customers, leading to more sales and more expensive purchases needed to increase average order values.

WooCommerce retailers are experiencing an increase in traffic as more consumers turn to online shopping, therefore, online stores need to integrate powerful plugins and surge strategies that encourage these savvy browsers to become actual buyers. There is an endless amount of tools available to WooCommerce store owners and, with so many options on the market, choosing the right one can be overwhelming. Each plugin comes with its cost and business owners need to analyze the plugin’s ability to boost return on investment (ROI) potential versus the investment. In most cases, the implementation of a buy now pay later platform facilitates a faster time to purchase and drives up average monthly sales. These consumer financing solutions should be the first point of plugin interest as they increase the likelihood shoppers will buy when they arrive at the checkout stage in their consumer journey – ensuring your business makes money.

In this article, we will elaborate on why buy now pay later platforms are the most powerful checkout plugins for WooCommerce and suggest how you can benefit from them with ChargeAfter’s multi-lender platform.

Why are Checkout Plugins Important? 

The checkout stage in the consumer journey is the most important part of a sales strategy as this is the point in one’s marketing funnel where browsing customers become buying shoppers. For this reason, online stores need to create a seamless checkout process that provides benefits to customers beyond a reliable payment gateway with multiple payment options. This is where buy now pay later checkout plugins become essential.

These powerful platforms give one’s business an advantage over the rest as customers have access to instant consumer financing without the need to get involved with a third party or their bank. Offering a platform of trustworthy lenders, ChargeAfter can help your WooCommerce store offer your customers access to zero-interest financing solutions for their purchases. As a result, more consumers are likely to buy from your store and are also capable of purchasing large ticket items, such as their dream home furniture for example. This, in turn, increases your average monthly order values.

Why Buy Now Pay Later Financing Works!

With the benefits in mind, here’s why buy now pay later financing actually works:

• Consumers feel valued: shoppers trust and buy from online stores that offer services over-and-above the general shopping experience. ChargeAfter’s consumer financing platform is a value-added plugin that gives consumers personalized loan solutions. This personalization ensures that each consumer receives a plan tailored to their needs, showcasing that your online store values them as shoppers.
• Consumers return more often: another incredible indication that buy now pay later platforms actually work at checkout is the rate at which customers return to buy from your store. You will see an increase in these figures as more shoppers are aware of the seamless access to interest-free financing for their orders big and small.

Buy now pay later financing from ChargeAfter is effective because it answers a critical pain point modern shoppers face when they arrive at checkout after browsing WooCommerce stores. The ability to offer your shoppers comprehensive and budget-friendly consumer financing is extremely valuable to those buyers, securing your place as the go-to store for their shopping needs.

Should You Choose ChargeAfter’s Consumer Financing?

Choose ChargeAfter’s consumer financing platform and enjoy the wealth of sales-driven benefits today, from increased average monthly order values to higher rates of return shoppers. There is no end to the benefits of adopting this powerful checkout plugin, and your WooCommerce store will set itself apart from the rest with the integration of affordable multi-lender options. Both your business and consumers can experience the joys of zero-interest point-of-sale financing, helping you and your community grow with one another.

Why do shoppers continue to buy from one WooCommerce retailer over another? Is it brand loyalty or is the competition employing smart marketing and sales strategies that encourage them to buy and return to buy again? It is certainly an amalgamation of things, and point of sale financing is becoming one of the strongest tools in an online retailer’s WooCommerce arsenal that creates unbelievable value for customers. The integration with point of sale financing platforms, like the powerful multi-lender platform developed by ChargeAfter, is a way to show shoppers that your business values them and, as a result, they will value your WooCommerce store in return. 

The first step starts with your business and the implementation of point of sale financing solutions, and in this article, we will discuss why exactly customers value WooCommerce rerailers with point of sale financing more than others!

They Feel a Personal Connection

The strongest way to set your brand apart from the rest is by creating personal connections with your customers. Online shoppers are, after all, skeptical of brands that they have not shopped with and loyal to brands that they have had incredible experiences with. This makes it difficult for WooCommerce retailers to target customers personally connected with other brands, but it is not impossible. The integration of value-added point of sale financing solutions comes with great rewards, specifically trust among your shoppers. The trust that you develop with your customers by offering them seamless and personalized access to zero-interest financing will become a part of the foundation that builds your personal connection with them.

Their Shopping Needs are Met

The checkout stage in the consumer journey is critical as it is the final point at which an online retailer can land a sale. To drive down rates at which consumers abandon their carts and increase the conversion of browsers to buyers, WooCommerce retailers should consider adding a point of sale financing platform to their checkout stage. Consumers value WooCommerce stores that provide comprehensive consumer financing as it is a feature that fulfills their shopping needs. Take someone who is looking to buy a mattress, for example. They may be casually browsing WooCommerce stores to find the best deal. They may not have the capital to make the purchase and are in the research stage of the marketing funnel, however, providing them with the ability to fund the purchase at no additional costs could quickly convert them into a buying customer. Customers will value your store for meeting their shopping needs in an instant with no strings attached.

They Cannot Find Better Financing Elsewhere

Customers value WooCommerce retailers with point of sale financing more than others as they cannot find better financing elsewhere. ChargeAfter has created a platform that offers the most comprehensive point of sale financing at the most affordable rates, and also offers customers the value-add of connecting them with lenders that do not include excessive interest policies. Traditionally, consumers would have had to source lenders elsewhere or consult their financial service provider about financing. These methods can become costly and not worth the investment in the long run. Fortunately, ChargeAfter has eliminated the customer’s need to do this and provides your WooCommerce retail store with an efficient plugin that benefits your consumers by offering them instant access to zero-interest financing.

From creating personal connections with a trustworthy WooCommerce retailer to feeling as though their shopping needs are met as well as not being able to find a better financing solution elsewhere, customers value online stores with ChargeAfter’s point of sale financing more than others as it is tailored, comprehensive, and the most budget-friendly on the market.

Despite the many benefits of buy now pay later solutions, thousands of WooCommerce platforms are yet to adopt these powerful consumer financing integrations and, as a result, hinder themselves when it comes to increasing average order volumes, improving customer retention, and promoting sales rates. With ChargeAfter’s revolutionary buy now pay later WooCommerce plugin, online retailers can experience these benefits and more within days. In this article, we will discuss how leveraging this particular buy now pay later solution can encourage growth with regards to promoting large ticket sales.

How Large Ticket Sales Improve WooCommerce Business

Large ticket sales are the cornerstone to WooCommerce business success as they amount to far greater return on investment, improvements in large ticket sales drive up average minimum order values, and they supplement inevitable poor-performing months in a WooCommerce’s sites yearly calendar. The benefit of encouraging large ticket sales cannot be ignored, yet many retailers fail to facilitate the efficient and consistent purchase of these expensive items. It would be wise for retailers to pinpoint new tools to facilitate the sustainable purchasing of expensive items, and one crucial method is through consumer financing.

ChargeAfter has, to meet this need, developed a buy now pay later platform that offers consumers incredible, tailored financing to ensure they are capable of making large ticket purchases. The benefit of a multi-lender platform ensures that no customer turns away during the checkout process and abandons their cart. 

How Buy Now Pay Later WooCommerce Solutions Drive Large Ticket Sales

The reason that ChargeAfter’s buy now pay later WooCommerce solution is so successful is because it utilizes a multi-lender platform that other similar services on the market do not. This means that customers are funneled through a reliable lending platform until they are matched with a lender capable of fulfilling their unique consumer financing requirements. Featuring no credit checks and an array of lenders with minimal to no interest rates, customers shopping with ChargeAfter-integrated WooCommerce stores are more inclined to accept consumer financing for large ticket purchases.

Buy now pay later WooCommerce solutions offer customers several other significant benefits that may help promote the sale of large ticket items. We have outlined these in more detail below:

Improved Customer Loyalty for Large Ticket Sales

Customer loyalty plays a pivotal role in large ticket sales as customers who trust your brand are more likely to make big orders than those shopping for the first time. To ensure that customers become loyal shoppers, you need to provide many novel touchpoints on their consumer journey. This is especially true during the checkout stage, and ChargeAfter’s buy now pay later solution is one of the most powerful checkout plugins to drive large ticket sales through encouraging customer loyalty. This is because this platform is reliable, trustworthy, and eases consumer challenges during their shopping experience. 

Stronger Brand Image for Greater Order Values

As consumers become more skeptical of brands, your company image is important when punting large ticket sales. Consumers searching for expensive items such as mattresses are far more eager to purchase from WooCommerce retailers with a strong brand image backed by positive customer reviews. Despite many review strategies capable of encouraging customers to leave positive reviews, consumer financing with zero interest rates from ChargeAfter’s buy now pay later WooCommerce platform is becoming a popular integration for its ability to facilitate a better shopping experience. For this reason, customers may be more likely to share great experiences that they have had with your brand.

Large ticket sales are crucial to WooCommerce business success and the integration of ChargeAfter’s buy now pay later platform will allow your online store to thrive in the competitive retail landscape through facilitating greater value purchases.

The success of one’s WooCommerce store can be attributed to several key consumer metrics such as average order value, abandoned cart rate, and return customer rate. While all metrics are used in an analysis of an online store’s performance, customer retention is an invaluable contributor to one’s WooCommerce success. According to Hubspot, customer retention is paramount to online retail success as it is significantly more affordable to target existing customers, loyalty ensures a consistent flow of revenue, and referrals are critical in the competitive WooCommerce retail landscape. 

For retailers wanting to improve their customer retention, integration with ChargeAfter’s multi-lender consumer financing platform is a critical step to seeing better return customer rates and experiencing the benefits that come with increased numbers of returning customers.

What is ChargeAfter’s Multi-Lender Consumer Financing Platform

ChargeAfter’s multi-lender consumer financing platform is an easy-to-integrate eCommerce plugin available to all WooCommmerce platforms that allows customers to access point of sale financing through a seamless onsite process. Customers leverage ChargeAfter’s existing database of lenders and receive access to financing at the checkout stage without having to consult their financial service provider or third-party lenders. The integration provides customers with plenty of value in its ability to filter them through a funnel of lenders without the need for credit checks as well as automatically find them a reliable lender offering finance at 0% interest. By benefiting the consumer, ChargeAfter’s multi-lender consumer financing platform supports WooCommerce stores.

How Does Consumer Financing Impact Customer Retention?

Customer retention is primarily affected by the user experience consumers have with your WooCommerce store. Successful WooCommerce stores leverage powerful plugins that make their customer’s lives easier, ensuring that their shoppers have little complaints upon browsing, purchasing, and receiving their orders. Furthermore, WooCommerce stores have consistent post-purchase strategies such as review request campaigns and call-backs that encourage customers to shop again. Beyond these strategies, consumer financing is an essential step to promoting customer retention for the following reasons:

Customers Trust Your Brand

ChargeAfter’s multi-lender consumer financing platform is the most reliable on the market, giving customers access to capital instantly with zero interest repayment plans. This transparent and comprehensive coverage promotes trust among your shoppers, building a loyal fanbase that is more likely to return to shop again. Brand trust is a pivotal part of the customer retention process and can be leveraged with the integration of reputable consumer financing from ChargeAfter.

Your Consumer Financing is the Most Competitive

Plenty of WooCommerce retailers offer consumer financing, though many have not yet reaped the benefits of ChargeAfter’s consumer financing platform. This is the most competitive consumer financing solution on the market as it ensures customers receive tailored repayment plans with zero interest fees. The lack of interest means that it does not make sense for customers to shop with online stores that have interest-based plans, encouraging more shoppers to return to your store.

You Can Focus Your Attention Where it Matters

Customers are more inclined to shop with WooCommerce stores that tend to their challenges, and consumer financing is a critical obstacle your shoppers face. With ChargeAfter’s multi-lender consumer financing platform, you can mitigate your shoppers’ experiences with these challenges as well as free up time to focus on your client service offerings. Client service strategies are crucial for customer retention, yet they require time and resources to develop. Free up time allocations by providing an automatic consumer financing platform and pool resources into other areas of the consumer experience.

From building brand authority and trust to offering the most competitive consumer financing on the market, and freeing up time to focus on all areas of the business, ChargeAfter’s multi-lender consumer financing platform will increase your customer retention on WooCommerce.

There are an array of strategies available to WooCommerce retailers to encourage new customer acquisition and promote return customers, and business owners should stay clued up on the latest tools and resources capable of supplementing these strategies. For many WooCommerce retailers, point of sale financing is proving extremely beneficial and this is particularly evident with the integration of multi-lender platforms like those offered by ChargeAfter. This streamlined, interest-free, and powerful consumer financing solution is the go-to WooCommerce plugin for its ability to improve sales volumes, increase sales rates, broaden one’s consumer base, and more discussed in the following helpful article. 

Here are the 5 reasons your online store should implement multi-lender point of sale financing for your customers. 

1. Higher Sales Volumes

Several factors influence a customer’s decision to purchase their online carts and the rates at which carts are abandoned increase as order values go up. Consumers are often unable to purchase large ticket items as they simply don’t have the funds necessary to do so. The more customers are unable to make large orders, the lower your average sales volumes appear come the end of the month. WooCommerce retailers can eliminate the risks associated with low sales volumes by supplementing the checkout process with ChargeAfter’s multi-lender point of sale financing solution. This platform gives consumers access to capital with no interest, encouraging them to make larger purchases and, thus, raising your monthly sales volumes. 

2. Increase Sales Rates

The rates at which your WooCommerce store experiences sales can also improve through the integration of a multi-lender point of sale financing platform. This is because of the streamlined and efficient process integrated with your existing checkout process through the implementation of ChargeAfter’s platform. Customers have quick access to financing without having to even leave your website, meaning more customers are pushed through the sales funnel during checkout. The quicker time to purchase has a significant impact on your sales rates, promoting sustainable business growth for your WooCommerce store. 

3. Improve Customer Retention

Providing consumers with unique selling points is critical in the modern WooCommerce retail landscape. And, it is important that you pay particular attention to areas where you could build customer loyalty to improve customer retention. Customers are more likely to shop multiple times with retailers that offer new solutions to old problems, and in the case of point of sale financing, ChargeAfter’s multi-lender platform ensures that your shoppers receive the best bang for their buck financing solutions. You also free up time to focus on customer service strategies as your checkout process is covered by ChargeAfter’s team of support experts.

4. Stronger Brand Image

By encouraging return customers, you also gradually develop a loyal fanbase that supports your brand. As a result, WooCommerce stores that integrate ChargeAfter’s multi-lender point of sale financing platform are likely to receive more positive customer reviews and testimonials. These serve as testaments to the brand image and give the WooCommerce store an advantage over the competition by showcasing brand authority. 

5. Appeals to More Consumers

Last but not least, ChargeAfter’s multi-lender point of sale financing platform allows WooCommerce retailers to branch out and attract consumers who may have been previously unable to shop from their store. Whether your brand is selling high-end clothing or large ticket items like mattresses, consumers without access to financing are able to easily shop from your store with the support of multi-lender financing. This will broaden one’s consumer base as more people are inclined to purchase from retailers offering zero-interest payment plans with ChargeAfter.

From promoting a stronger brand image to attracting a wider range of consumers, multi-lender point of sale financing platforms like the powerful solution from ChargeAfter are able to benefit WooCommerce retailers in several significant ways.

Omni-channel strategies involve integrating various marketing channels seamlessly to provide consumers with an immersive and efficient front-end user journey. Omni-channel strategies are incredibly powerful and more and more Magento eCommerce stores are adopting steps to implement omnichannel eCommerce to improve consumer experiences, boost sales, promote customer loyalty, and gather data easier. In this article, we will outline omnichannel strategies in more detail, share how you can take your omnichannel strategy to the next level with ChargeAfter’s solution, and showcase the benefits of introducing this platform into your Magento retail store.

What is an Omnichannel Strategy?

An omnichannel strategy, as discussed, involves the integration of multiple marketing channels to give consumers a seamless user experience from one’s online store to a physical shop and beyond. No matter where in the sales funnel a consumer finds themselves, they will have access to integration between the website, apps, physical store, social media, email communications, and more. For example, a customer who sees a Magento site add on social media will be directed to the website where they can browse and place an order. They will then receive email notifications on order updates and be directed to review platforms to rate the online store’s products. This process is a simplification of an omnichannel strategy but helps elaborate on the kinds of tactics Magento retailers can employ when implementing such a strategy.

Take Your Omni-Channel Strategy To the Next Level With ChargeAfter’s Solution

The key point of difference that separates one Magento site’s omnichannel strategy from another is buy now pay later Magento platforms that enable quick, efficient, and responsive consumer financing. ChargeAfter is the leading integration platform for Magento retailers wishing to reap the benefits of multi-lender solutions, and any Magento site can quickly and easily partner with ChargeAfter to boost sales and increase margins. If you wish to take your omnichannel strategy to the next level, then consider integrating with ChargeAfter’s solution and receive these incredible benefits.

The Benefits of Buy Now Pay Later for Magento eCommerce

The benefits of buy now pay later for Magento eCommerce is two-fold, the solution from ChargeAfter supports both the consumer experience and, in turn, grows one’s business through driving sales and promoting customer loyalty. We have outlined a few of these benefits below:

Sales-Driven Omni-Channel Strategy

Opting to integrate ChargeAfter’s omnichannel solution turns your consumer financing options into a sales drive, allowing you to access a wide consumer base you may have not yet tapped into. These consumers who may have previously been unable to purchase large tickets from your store will now be more capable to move through the sales funnel and flow through your omnichannel marketing process.

Increased Consumer Satisfaction

Another critical benefit of omnichannel marketing, particularly in regards to strategies that include ChargeAfter’s buy now pay later Magento plugin is increased consumer satisfaction as an essential touchpoint in their user experience is assisted with consumer financing that allows individuals to access their desired goods. More sales equal more customers filtered through the strategy, helping drive positive reviews back to your social platforms showcasing your valuable customer service.

On-Trend and On-Demand

Magento retailers that integrate with ChargeAfter’s multi-lender platform benefit from showcasing their market-leading potential by incorporating new technologies that the modern consumer is more likely to expect during their online shopping experience. Being on-trend sets a precedent among the competition in your marketplace, helping your business achieve on-demand status among loyal consumers.

Omni-channel strategies are incredibly effective and can be supported with novel solutions like ChargeAfter’s multi-lender platform. This Magento integration allows businesses to benefit from a sales-driven omnichannel strategy that increases consumer satisfaction and drives profitable growth.

Has your WooCommerce eCommerce store done everything it possibly can to attract new customers and retain them? Considering that new marketing tactics such as omnichannel strategies and powerful plugins such as ChargeAfter’s point of sale financing multi-lender platform are being integrated by the best WooCommerce retailers, then the chances are that your answer to this question will be a resounding “no.” When it comes to online shopping, it is imperative that businesses find novel solutions to consumer financing problems, and that is exactly where ChargeAfter’s platform benefits WooCommerce. By providing new and loyal consumers with access to reliable and zero-interest financing at the checkout stage with the platform, businesses may achieve more sales. But, how exactly does ChargeAfter’s platform help e-retailers achieve this increase in sales? In this article, we will take a closer look.

Increased Customer Loyalty

Customers are more likely to shop with e-retailers that offer significant benefits in comparison with alternative competitors on the market. Customer loyalty plays a powerful role in a company’s sales as returning customers are extremely valuable. For this reason, the integration of ChargeAfter’s multi-lender platform may improve sales by building more loyal customer relationships. This is possible by providing customers with accessible means to consumer financing at no additional interest costs, showcasing the high regard for which a WooCommerce business holds its consumers. This ultimately results in more customers returning to purchase from your store, increasing your monthly sales.

Simple, Quick Purchasing Process

ChargeAfter’s multi-lender platform is easily integrated and provides consumers with a simple and quick online shopping process through back-end driven point of sale financing. How it works is that consumers simply select the consumer financing option available at checkout and receive automatic financial support from a sub-lender. This streamlines the process as opposed to consumers reaching out to third-party lenders and makes their shopping experience much quicker. A quicker shopping experience means more sales are possible per day, driving your monthly revenue upwards.

Improved Average Order Value

Part of the reason shoppers shy away from large ticket orders is that they don’t have access to the funds required to make a purchase. The more consumers that are unable to purchase your more expensive items, the lower your average order value becomes. The integration of ChargeAfter’s multi-lender platform can combat this as consumers are given access to capital and are encouraged to use the platform for the benefit of zero-interest on loans. This allows more consumers to make large ticket orders, improving your average order values and monthly sales.

Secure, Safer Point of Sale Financing

Another reason customers turn away from WooCommerce eCommerce stores is that the point of sale financing process is not always secure and safe. With ChargeAfter’s multi-lender platform, your site can benefit from instant access to reliable and trustworthy lenders through our vetted network. This saves you time spent exploring and attracting lenders to facilitate your shoppers, giving your consumers instant access to the most secure consumer financing available on the market. Happy and confident shoppers are more inclined to buy, growing your sales in the process.

Access to New Consumers

Finally, providing a comprehensive point of sale financing solution gives your WooCommerce eCommerce store access to an entirely new database of consumers. Customers that may turn away from competitors for their lack of no credit check financing solutions may land on your site and be encouraged to purchase thanks to the integration with ChargeAfter’s powerful multi-lender platform. More new customers mean more potential sales and more growth for your business.

From increasing customer loyalty to accessing new customers, ChargeAfter’s multi-lender platform helps WooCommerce eCommerce retailers around the world achieve more sales.