It is a frequent challenge faced by e-commerce businesses. It refers to the act of customers abandoning their intent to complete a purchase after primarily showing interest. Understanding the reasons behind Cart abandonment is important for businesses to address the underlying issues and improve conversion rates.
Customers may be deterred by additional charges such as shipping fees, taxes, or handling fees that are revealed late in the buying process. A study done by the Baymard Institute found that 48% of shoppers with an actual purchase intent, abandoned their shopping carts because the extra costs (shipping, taxes, and fees) were too high.
A lengthy or complicated checkout process can infuriate customers and lead to cart abandonment. Customers expect a seamless and user-friendly experience, and any unnecessary steps or excessive form-filling can deter them from completing the purchase.
Customers value the timely delivery of their purchases. If the estimated delivery time is too long or not relayed, it can lead to cart abandonment. Customers may abandon their carts if they find a similar product with a faster delivery option elsewhere.
Many customers prefer a fast and hassle-free checkout process without the need for account registration. Requiring customers to create an account before making a purchase can be a big cause of cart abandonment.
Trust and security are important in online transactions. If customers have distress about the safety of their personal information, it may lead them to abandon their carts. Displaying trust signals such as security badges, SSL certificates, and secure payment options can relieve customer concerns and build confidence in the purchasing process.
Customers desire diverse payment options due to widespread concerns over data, they also have their preferred payment methods. And if those options are not available at checkout, they may abandon their carts.
Customers are often driven by the prospect of saving money or getting a good deal. If a website does not offer discounts or coupon codes during the checkout process, customers may feel like they are missing out on probable savings.
Technical glitches such as broken links, error messages, payment processing failures, slow site speed, and unresponsive apps can create frustration and variability for customers during the checkout process. If customers encounter continuous technical issues, they may lose trust in the website or app’s reliability and choose to abandon their carts.
Customers consider return policies while making a purchase. If the return process is complex, unclear, or restrictive, customers may abandon their carts, hesitating due to difficulties returning or exchanging products if needed.
Facing a declined credit card during the checkout procedure is a common reason for cart abandonment. When customers encounter issues with their payment method, they may hesitate to carry on further with the purchase.
The average cart abandonment rate is 69%, which means, for every 100 shoppers who add items to their cart, only 31 actually checkout.
Author Profile Varuna Raghav As a CX and marketing specialist, Varuna Raghav has more than 15+ years of experience in […]
Read moreis the apt framework developed for deploying the right mix of People, Process & Technology in a business with a clear eye on increasing lead conversion, reducing customer acquisition & management cost, and winning customers for life.