Bill Me Later Payment Increases Average Order Value
If you are looking to increase your average order value in your store, then providing alternative payments, like for example, “Bill Me Later“, can help. A recent study from Orvis.com showed a positive impact of using “Bill Me Later” on average order value. While credit card customers’ average order value is around $150, Bill Me Later customers’ AOV is $175. And customers who opt for Bill Me Later’s 90 day same-as-cash option, spend $400.
This scheme is only available for U.S. stores. Bill Me Later is offering this service for small and large merchants.
To become a Bill Me Later merchant, you need the following:
- 12 months previous financial data as it relates to your B2C and B2B ecommerce websites, call centers and brick and mortar stores. This includes annual volumes and average order values.
- Chargeback and return rates
- Technical information such as bankcard processor, 3rd party gateways, and ecommerce sales platform provider
- Affiliate provider information (If Applicable)
- Knowledge if your company is the merchant of record
Jan Petrovic
I have 9 Years of Tremendous Experience as web analyst and Senior Conversion Specialist. I have worked on optimisation project for the second-largest store retailer in the USA (the company is also a component of the S&P 500 Index), as well as for a well-known USA fashion retailer with over 380 stores nationwide.
Over the course of my career I have achieved many INSANE improvements on our client’s websites, sometimes by applying best practices, another time from findings I made during conversion audits and sometimes thinking out of the box. For one of them I have even received an award in 2012 from WhichTestOne, where after testing different emails and parts of email message we increased revenue by 303.08%.
What might also interest you is the fact that my average conversion improvement is 19% and my success rate is 70%. Basically, I’m VERY GOOD at what I do thanks to my Can Do Attitude to find solutions to given problems & Experience in this field.
