Paypal Access, Magento Go and Conversion Rate

Magento Go users can use PayPal access for their stores now. (Not a Magento Go user? You can think about trying it here for free)

What is PayPal Access?
Paypal Access is a new solution which provides Single sign-on solution using PayPal account. A customer can login and checkout into your store using his PayPal account. Cool idea, isn’t it?

How does it help a Customer?

  1. He doesn’t have to worry about creating and managing multiple accounts at different stores. He can just Login with PayPal.
  2. He doesn’t have to send his data to the store. He feels more secure and confident.
  3. He’ll get personalized shopping experience based on his shopping history and data.

Paypal Access for Magento Go

How does it help a Retailer?
  1. Improved Conversion Rate because of PayPal based authentication.
  2. Enhanced Merchant Credibility
  3. Access to 100 million Paypal users
  4. Real time data to segment and offer dynamic pricing.
So if you own a store based on Magento Go, enable PayPal Access now! The instructions are provided here.

Update

Thanks Ankush (PayPal Access Team) for providing more information. It wasn’t sure that PayPal provides contact information of users to Retailers/Merchants (Read Is PayPal Access a bad idea)  but now it’s clear.

Paypal Access in Action

Paypal Access in Action

Information stored at Merchant’s side (Magento Go)

Paypal Access in Store

Click to Enlarge

 

I really think that PayPal access is going to be a great solution. Let me recite Ankush here!

There have been social identity solutions but no real commerce identity solution so far. PayPal Access is the first commerce identity solution which is more geared towards shopping activity.

Do you use Magento Go or PayPal Access? I would love to get your opinion.

Comments

  1. Ankush says:

    I am part of the PayPal Access team and would like to provide some clarification. The statement that “retailers will only receive the Shipping Address” is incorrect. When you enable PayPal Access extension on your Magento Go store you will get the following set of information BUT of course only if the user provides consent: Name, Email Address, Phone. You can try logging on to the demo store https://www.shopgecko.com to see what the users will see.
    There are other ways of integrating with PayPal Access where you can have more control on the attributes that you would like to request. ( https://www.x.com/developers/x.commerce/products/paypal-access#getStart )

    Our mission is to enable merchants to provide better experience to their consumers and improve their registration rates and conversion rates by reducing frcition whie making sure that consumers are in control of their information.

    There have been social identity solutions but no real commerce identity solution so far. PayPal Access is the first commerce identity solution which is more geared towards shopping activity.

    • Ankit says:

      Hello Ankush, Thanks for your reply and making it clear. I had no direct experience with Paypal Access. So, I was citing Ecosnulting’s article.

      Thanks again
      Ankit

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