Cart Abandonment Rate
What is Cart Abandonment Rate?
Cart Abandonment Rate is the percentage of online shoppers who add items to a virtual shopping cart but leave the site without completing the purchase. This metric is a critical indicator of friction or hesitation in the final stages of the customer journey.
Why It Matters
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It highlights potential issues in the checkout process, such as unexpected shipping costs or complex forms.
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Reducing this rate directly increases conversion and revenue for the business.
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High abandonment often signals that customers are using the cart as a wishlist or for price comparison.
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Analyzing where users drop off helps merchants optimize the user interface and payment options.