Shopify is making its highest-converting accelerated checkout, Shop Pay, available to enterprise retailers not on Shopify. This is made possible through Commerce Components by Shopify (CCS), which gives enterprise retailers access to the same Shopify components that power 10% of U.S. commerce.
Shop Pay is a one-click checkout that uses Shopify's massive identity network to recognize customers and pre-fill their information. This makes the checkout process up to 4x faster than a guest checkout. Shop Pay is also trusted by over 100 million shoppers, which can lead to higher conversion rates.
“Enterprises that don’t take advantage of Shop Pay are self-sabotaging. They are leaving money on the table,” said Kaz Nejatian, VP Product and Chief Operating Officer of Shopify. “This is critical optionality in a hyper competitive retail environment. In an economy where big brands are competing more fiercely than ever to acquire customers, they need to pick and choose what they need to boost the top-line, without the compromise of a complete platform overhaul.”
Why is Shop Pay so powerful?
Shop Pay is so powerful because of four key advantages:
- Shopify's massive identity network - When someone with a Shop Pay account visits an online store, Shopify recognizes them with one click.
- Unmatched scale - Shop Pay is used by more than 100 million shoppers.
- Consumer trust - Shop Pay is a trusted checkout method that is backed by Shopify's security and fraud protection.
- Velocity of innovation - Shopify is constantly innovating and improving Shop Pay.
In addition to Shop Pay, Shopify is also enhancing its partnership with Adyen, a leading global payments processor. This will make it easier for enterprise retailers to accept a wide variety of payments in markets around the world.
These new features are part of Shopify's commitment to providing enterprise retailers with the tools they need to succeed. By giving retailers access to Shop Pay and Adyen, Shopify is helping them to improve their checkout experience and boost their conversion rates.
Here are some of the benefits of using Shop Pay:
- Up to 50% higher conversion rates compared to a guest checkout
- Trusted by over 100 million shoppers
- 4x faster checkout experience
- Easy to integrate with existing commerce infrastructure
If you're an enterprise retailer, you can learn more about Shop Pay and how it can help you improve your checkout experience.
