Checkout abandonment rate
Checkout
The share of shoppers who start checkout but do not finish.
For example, 2,000 shoppers start checkout in a week and 1,300 place an order. The checkout abandonment rate is (1 - 1,300 ÷ 2,000) × 100 = 35%.
Shoppers in checkout have already decided to buy, so every fix here turns existing traffic into revenue.
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