ThriveCart Strives to Enhance Payment Processing & Sales Optimization
References: thrivecart & globenewswire
ThriveCart has introduced two significant upgrades to its platform, which are designed to enhance payment processing and sales optimization for its user base of over 60,000 digital entrepreneurs, course creators, and coaches. These new features are dubbed Stripe Connect+ and Pro+.
The custom-built Stripe Connect+ integration, which is expected to launch on April 16th, expands payment flexibility with support for 100+ payment methods, including Amazon Pay, Revolut Pay, and cryptocurrency. In the meantime, the upgrade also improves security through advanced 3D Secure authentication and compliance features. The accompanying Pro+ features leverage this infrastructure to offer dynamic checkout tools like multiple order bumps, tax-inclusive pricing, and QR code checkout for in-person and virtual events. These capabilities have shown promise in sales optimization, with ThriveCart claiming that the multiple order bumps have increased sales by 19% on average while the tax-inclusive pricing has reduced cart abandonment by 22%.
Image Credit: ThriveCart
The custom-built Stripe Connect+ integration, which is expected to launch on April 16th, expands payment flexibility with support for 100+ payment methods, including Amazon Pay, Revolut Pay, and cryptocurrency. In the meantime, the upgrade also improves security through advanced 3D Secure authentication and compliance features. The accompanying Pro+ features leverage this infrastructure to offer dynamic checkout tools like multiple order bumps, tax-inclusive pricing, and QR code checkout for in-person and virtual events. These capabilities have shown promise in sales optimization, with ThriveCart claiming that the multiple order bumps have increased sales by 19% on average while the tax-inclusive pricing has reduced cart abandonment by 22%.
Image Credit: ThriveCart
Trend Themes
1. Multi-payment Support Expansion - Integrating over 100 payment methods, including cryptocurrency, caters to diverse consumer preferences and enhances transaction flexibility.
2. Advanced Security Features - Incorporating 3D Secure authentication and enhanced compliance measures significantly elevates the security standards of payment processing systems.
3. Dynamic Checkout Innovation - Introducing dynamic checkout tools like order bumps and QR code checkouts increases sales opportunities and optimizes customer experience.
Industry Implications
1. Digital Payment Solutions - The evolution of payment processing technologies like Stripe Connect+ is transforming traditional financial transactions into seamless digital experiences.
2. E-commerce Platforms - Enhancements in sales optimization tools are empowering e-commerce platforms to reduce cart abandonment and maximize revenue generation.
3. Cryptocurrency Transactions - The acceptance of cryptocurrency in payment processing opens new avenues for transactions, promoting its use across mainstream markets.
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