A digital payment company team wanted to compare company’s online checkout conversion rate vs. other online payment methods to show merchants the advantage of having that company as a checkout method.
Comscore leveraged passively observed e-commerce behavior to compare online conversion rates for a digital payment company and other payment methods based on the checkout options on a selected list of merchants.
The client selects a set of online retailers across industries where multiple digital payment methods are accepted.
The point when a user clicked on a payment type and when they complete the transaction/purchase are recorded in Comscore behavioral panel.
Comscore data exposed key variances in online conversion when the client's payment method was accepted vs. other payment forms and digital wallets.
Higher than all payment types combined