Shop Pay
Image: Shopify
With its integration with Facebook and Instagram, consumers will be able to find posts with product tags that come from sellers with Shopify stores, and then add them to their shopping cart, all without leaving the app.
At checkout, users can select “Shop Pay” as their preferred payment method among other common methods, such as credit card, debit card, or PayPal. Users will receive a purchase confirmation code on their mobile phone, and will then enter the code to complete the order without having to leave Facebook or Instagram.
Once a consumer uses Shop Pay for the first time, their hungary business email database information is saved for future purchases , which will speed up the checkout process in the future, securely and with a simple tap. In other words, Shop Pay works as an accelerator for online shopping, allowing you to pay without entering your bank details each time, in the style of what you would do with, for example, PayPal. Until now, Shop Pay's scope was limited to the Shopify environment, as a way to facilitate purchases in its stores.
One of the advantages of Shop Pay, according to the company, is that it is 70% faster with a conversion rate 1.72 times higher than a typical purchase. In addition, this payment option includes order tracking and management, which has so far tracked more than 430 million orders.