Boost Your Sales to Asian Consumers by 70% with Yuansfer’s QRC Extension
Today’s eCommerce space is becoming increasingly borderless. Consumers around the world are gaining more spending power and demanding more accessibility to cross border purchases. To stay competitive, it’s crucial to optimize your customers’ shopping experience, from establishing brand awareness to payment processing.
·
Have you noticed an alarming
level of cart abandonment rate at checkout?
·
Are incompatible wallets,
high transaction fees, fraud, and chargebacks pain points in scaling your
sales?
·
Are credit/debit cards still
the only available payment options at your online store, turning away customers
who prefer to pay with other payment methods?
If the answer is yes to any of these
questions, you should seriously consider modernizing your checkout process to
include digital wallets and convert more of your site visitors into paying
customers. Yuansfer offers just the solution with an extension that
enables you to support over a dozen global wallets, connecting you with over 2
billion global users.
The suite of major global wallets included in the
Yuansfer extension:
·
Alipay
·
WeChat Pay
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PayPal
·
Venmo
·
UnionPay
·
KakaoPay
·
Dana
·
TouchNGo
·
GCash
·
TrueMoney
·
Alipay Hong
Kong
Alipay tops the list as the most popular digital wallet
with 1.3 billion users. The Yuansfer extension easily opens up that revenue
stream to you with an exclusive offer to attract Alipay users: 50RMB off any
purchase of 600RMB or more from your OpenCart online store.
What
is Yuansfer? Is it for my business?
Yuansfer is a payment platform that unleashes
true cross-border growth potential for businesses of all sizes. Our extension is
fully integrated with OpenCart and comes with all Yuansfer features right out
of the box to create a localized shopping experience. It can be easily implemented
to complement your existing checkout process to support a seamless payment flow.
Our solution is built for growth and has helped over 2000 businesses streamline
their payment operations and increase their revenue by an average of 25%.
1.
Improve
Checkout Experience, Reduce Cart Abandonment, Increase Revenue
Customers are more likely to
complete the checkout process when they can proceed with familiar payment
methods they trust. According to a HubSpot report, 59% of online shoppers
abandon their cart if their preferred payment method is unavailable. Another
study by Baynard Institute found that hesitation about sharing credit card
information accounts for 17% of cart abandonment, and a complicated checkout
process accounts for 23% of cart abandonment. Digital wallet payments are more
desirable in comparison. Instead of inputting credit card and billing
information, customers simply choose their preferred payment option and fast
forward to submitting payment. It’s also a more secure way to pay as
transactions are encrypted, tokenized, and validated without storing and
transmitting customers’ sensitive information.
2.
Improve
Operational Efficiencies and Decrease Costs
Typically, traditional payment platforms charge merchants
2.9%+ $0.3 transaction fees for online credit/debit card purchases and up to 4.5%
if they are international. Yuansfer’s payment solution offers the lowest
transaction fees in the market and faster settlement, thus improving your cash
flow.
Yuansfer fees are as follows:
·
Alipay, WeChatPay – 2.3%
·
KakaoPay, Dana, TouchNGo,
Alipay Hong Kong, GCash, TrueMoney – 2.5%
·
PayPal/Venmo – commercial
terms and pricing determined by PayPal upon sign up. Yuansfer
charges an additional $0.05 per transaction
By accepting QR code wallets, you can eliminate costly
international chargebacks and fraud payments, which average above 1%. Yuansfer also authenticates
and validates each transaction while protecting sensitive data so that you and
your customers can transact with confidence.
3.
Boost Customer
Loyalty and Spending
Accepting alternative payments
allows you to stay connected with your customers through their wallets,
retarget them with more customized offers, to increase stickiness and spending.
Ready to
implement an all-inclusive payment process? We’ve made it easy for you. Simply follow the steps
below to download the Yuansfer extension:
1.
Log in to
your OpenCart Admin panel
2.
Go to
Extensions
3.
Select
Payments from the drop-down menu
4.
Click Install
to add Yuansfer extension
5.
Once the
module has been added, edit the module settings with the pencil icon
6.
Click
“Connect to Yuansfer” and follow the instructions prompted
7.
Select
Enabled Status
8.
Click Save
9.
Sign
up for a Yuansfer Merchant Account
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