Summary
Companies must provide payment options that meet their customers’ needs and expectations. Per Forrester’s April 2022 Consumer Energy Index And Retail Pulse Survey, 40% of UK online adults agree that they like having lots of payment method options available to them when they shop. For example, they may want to use Apple Pay when shopping on their mobile device but a credit card for their recurring Netflix subscription. The stakes for these “last-mile” checkout efforts are high. Merchants must analyze the payment options they offer and whether they map to how their customers want to pay — or risk disappointing customer experiences or outright checkout abandonment.
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