Selling online without PayPal is a really bad idea
PayPal informed us about X-Cart merchants processing volumes 2011 vs 2012 YTD. Figures are so awesome that we wanted to share them with you immediately.
From the report, we are seeing the following payment volumes for 2011 compared to 2012:
| Q1’11 | Q1’12 | YOY % |
|---|---|---|
| $66,465,326 | $78,557,239 | +18% |
| Q2’11 | Q2’12 | YOY % |
|---|---|---|
| $71,056,487 | $78,021,993 | +10% |
~$78,000,000 in online sales via X-Cart & PayPal a quarter in 2012! You must start accepting PayPal and get access to more than 106,000,000 of PayPal users.
You guys are marvelous! We are happy to see such a growth because X-Cart grows when X-Cart merchants grow!
By the way, have you heard about new PayPal consumer credit innovation “Bill Me Later”? Bill Me Later gives merchants (in the U.S. only) a way to provide customers with a credit line and special financing for 6 months on purchases of $99 or more. It's a proven way for merchants to increase sales, boost average order values, and attract new customers. PayPal takes care of billing customers and collecting payments, so merchants get paid right then and there. Bill Me Later is great for customers because it gives them more buying power, more time to pay for purchases, and the security and buyer protections they expect from PayPal.
You don’t need to download and install Bill Me Later integration. The Bill Me Later payment option shows up as a button on the PayPal hosted checkout page templates in PayPal Payments Advanced, Payflow Link, PayPal Payments Pro, and Payflow Pro that X-Cart integrates with already since v4.5.2 is released.