The new feature on Stripe could increase conversions by 77 percent (plus Videos)

Table of Contents

•     What do you mean by Link by Stripe?
•     How does Link work?
•     How Does Stripe Link Benefit Your Business?
•       Improved checkout flow and style
•     How do you enable Link by Stripe on Your Site
•       Getting set up
•     Wrap-Up
•       Get Today!

Link by Stripe is here, and it's integrated with your existing Stripe Elements integration - no additional charges or fees.

If you're a creator located in the U.S., and you're using US$, you've now been granted the ability to access Link.

This feature is fantastic because of a variety of factors. Here's one of the most impressive:

Link Users make purchases four times more frequently than users who are not Link.

In this post we'll cover additional exciting statistics. In addition, we'll discuss the benefits of is Link By Stripe will be. We'll explain how it works as well as guide you to get startedwith Link on your site.

Let's go!

What exactly is Link by Stripe?

Link is a feature for payment that is available via Stripe Elements integration. Stripe Elements connection.

It gives your members and customers a fast, easy, and secure way to make 1-click payments on tens of thousands of sites.

Whether it's on your site or another linked site the first time that a customer checks out through Link it saves and secures the user's information in order to allow future 1-click payment.

Link is a certified PCI service provider level one, so your customers' saved data are extremely secure.

How does Link How Does Link Work?

Link provides users with the ability to make completely secure one-click online payments by completing an easy checkout process just once.

This is a brief explanation of the way this method operates...

 1. Step 1: Client checks out and saves payment info

Your client is redirected to a Link-supported site (yours or otherwise). After they have completed their purchase on the site, they will save their payment details as well as their shipping address.

 Step 2: One-click payments are enabled

In the event of any subsequent purchases, Link autofills that customer's saved payment info so they can check out with only one click.

 Step 3: The customer completes mobile verification in the future

The customer now is ready. When they use Link for the first time on a different website or device, they'll get one-time codes. This code will authenticate their identity and help keep their info secure.

How can Stripe Link benefit Your Enterprise?

Research proves that cart abandonment is a major, expensive problem.

In one instance, a research conducted by the Baymard Institute showed that around 70% of shoppers abandon their carts. The primary reason for abandoned carts lies in the frictionin the buying process.

It was also found out that almost one in five shoppers abandoning their carts due to a checkout process they claimed was "too lengthy and complex".

Not only that, Baymard found that improving the checkout "flow and layout" could save the industry $260 billion in lost orders.

The only method to make those sales is to create an fast and friction-free buyers' journey.

With its 6-second checkout procedure precisely what Link by Stripe does.

Improved checkout flow and layout

Link makes the buyer's journey by allowing buyers to make their purchase 9 times more efficient. Research has shown that Link users experience a superior shopping experience. Link user experience is far superior than Link users make a purchase four times more frequentlythan other users.

So far, businesses using Link have witnessed an increase in conversions of about 7percent. This is an amazing, code-freeway for small-scale online companies to create a full payment page and share the link with customers.

Do you want to set it up? It's easy!

How To Enable Linking to Stripe on Your Site

If you're a creator and you have access to the Stripe integration, it's quick and easy to set up Link. Follow these instructions.

Getting set up

To begin, log into the Stripe Dashboard settings -> Payment methods. Select the .com platform from the dropdown menu.

Then scroll down to find the Link Payment method, and click the Turn on button.

Then, enable Link to be enabled in the settings of your account by selecting the > settings > payment tab.

Find your Stripe gateway's settings (see image below) Check that Stripe Elements are selected.

After that, scroll to the bottom of the page, click the box next to Allow Link (recommended), and save your settings.

All you need to do is set! Next time a customer checks out, they will be able to choose to pay via Link.

Wrap Up

In the journey of a buyer, friction is among the biggest sources of lost revenue due because of cart abandonment. Link by Stripe offers an easy way to reduce that friction and boost the number of sales on your website.

You can enable Link in your Stripe dashboard. Make sure that it's turned on within your settings. The two steps above can send you on your way to a lot of revenue growth.

Take a look at our Know-how Base as well as the Link by Stripe FAQs to find out more details and get started.

Start Now!

Start getting paid for the content you produce.

Have you already added Stripe Link to your site Yet? We'd love to hear about what you think about it. Tell us about it in the remarks.