With the holiday season racing toward a climax, ecommerce brands are grappling with a major byproduct of online shopping: The abandoned cart. Here’s one clue that may help them: consumers are tired of the torturous password process engaged in by many firms, according to a study by Beyond Identity.
Of the shoppers polled, 25% will abandon a cart worth $100 or more if they have to reset their password to check out.
On the positive side, 57% are very likely to reset the password to continue, and 31% somewhat so. And they will stick with a cart if the total has reached $162.
But 58% prefer to check out as a guest if given that option, while 42% will create an account.
Why check out as a guest? Because they say this process is:
Here are the most annoying parts of online account registration:
Email teams often have to clean up the resulting messes. It’s one thing to address the product or price in a triggered email follow-up, but the process? A critical part of a good customer experience is helping customers cope with these issues, whether through email, chat or phone.
Here’s what people find most annoying about online account registration:
(In the interest of full disclosure, your reporter is flummoxed by all of these demands, and has concluded that CAPCHA is a type of digital dementia test).
Perhaps worst of all, 40% of consumers have stopped using a service entirely if they forgot their password, and 27% because they were unable to log in. And 13% have done so in both cases, versus 20% who say none of the above.
Yet 48% of all shoppers have often or always found themselves needing to reset passwords. It apparently hasn’t helped much that 59% have stored their passwords on their computer, perhaps saving it as a browser.
All that said, 48% say online account creation makes sites more secure, and 47% that the level is the same. And 4% say this need makes sites less secure.
What kind of passwords are people using? The study found that 63% use simple ones, and 37% difficult passwords. On a separate note, 58% utilize the same security question across multiple shopping platforms.
Beyond Identity surveyed 1,024 online shoppers. Of those, 56% were men, 43% women and 1% nonbinary.