Baymard Institute estimates the average cart abandonment rate in 2024 to be 70.19% and states that many respondents name checkout issues as their key reason for not completing a purchase. Specifically, 22% blame overly complicated checkout processes,17% report website errors during checkout, and 9% mention card payment failure. What do these stats mean for your Magento-powered business?
Recently, our payment provider – FastSpring – has been experiencing technical difficulties with handling subscriptions. To prevent any service interruptions, the Amasty team is actively working on entrusting our subscription processing to a well-known billing platform, Adyen.
Meet Val Gvozdev, the Product Manager at Adaptive Business Solutions – a US-based software company with a focus on jewelry business, with clients that include Frederic Goldman, Richline Group, Borsheims, Tappers Jewelry, Days Jewellers, and many others. We talked to Val and discussed the specifics of his business, the reasons for using Magento, and the motivations behind subscribing to Amasty’s entire product catalog.
In the wake of seasonal sales, Amasty and its partner SpeedSize – an AI-powered media compression platform – held an insightful 1-hour webinar on website speed optimization. Hosted by Saj Abbas, Head of Customer Success at SpeedSize, the webinar featured Amasty’s Lead Account Manager, Anna Shumeiko, and our product delivery team member, Alex Boyko. Watch the recorded webinar on our channel or read some of the shared insights below.
Before the year ends, Amasty is pleased to share one of our key 2023 achievements: an upcoming milestone of 100 Magento extensions made fully compatible with the Hyvä theme! The goal of our robust portfolio, featuring the most diverse Hyvä-ready extensions, is to allow businesses to enrich the functionality of their Magento stores while remaining committed to Hyvä technology.
Recently, Paylike – one of the online payment platforms we've been working with – has notified its customers about the strategic decision to cease operations in multiple European Union countries and focus solely on the Nordic region. The decision, as communicated by Paylike in their email, stems from the need for concentrated effort on their roots in the Nordic markets.
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