Top 5 Magento Extensions to Reduce Abandoned Carts

Shopping cart abandonment is an e-commerce sales most curve drawback. A lot of consumers are lost and as a result, the companies' revenue fails. But Magento, an exceptional platform for e-commerce, has come up with several helpful extensions to tackle the problem. These custom features make checkout info more accurate and faster. They improve the user's online experience and reduce cart abandonment. In this article, the top five Magento extensions that are your solution for getting back your lost sales and improving conversion rates are enumerated.

1. IoCheckout Extension

The IoCheckout extension is the real deal for Magento users. It allows them to streamline their checkout processes. This plugin is packed with options, some of which allow for troubleshooting of common checkout issues. This makes the consumer's journey to the checkout page less of a struggle.

IoCheckout has the amazing feature of point A/B checking through different checkout pages. IoCheckout has several different checkout layouts, which you can choose from one, two, or three steps. The designs are single columns, two columns, and three columns, and more than accordingly, you can use them as per the requirement of the customer. The design's user-friendliness is another reason for the lower cart abandonment rate and faster checkout. It suits the customer's approach.

The IoCheckout module is compatible with 15 different payment gateways. Customers can pay in different ways using the proposed 15 payment methods. IoCheckout can process transactions with all payment methods, including PayPal and Stripe. It is compatible with all Magento themes, such as PWA Studio and ScandiPWA, and also the rest, including Magento Luma and Magento Graphcommerce. The IoCheckout module works with all payment gateways. It makes transactions easy and user-friendly.

The abandoned cart tracking and recovery feature of IoCheckout is another essential feature that it has. IoCheckout can send reminders to clients to complete their purchases if they use the auto-tracking function and abandon the checkout. This feature is enough to keep the cart abandonment at the lowest level and regain the drop-out sales.

2. OneStepCheckout

The OneStepCheckout is a renowned Magento module that makes the length of checkout a minimum. This device cuts the headache of long checkout steps, and that can be a creative way to elude customers.

OneStepCheckout is very customizable. So, merchants can change the checkout page style to match their brand and users' preferences. The module has address auto-complete, delivery date selection, and payment method integration. OneStepCheckout simplifies checkout and removes unnecessary steps. This reduces friction and improves conversion rates.

3. Amasty Abandoned Cart Email

The Abandoned Cart Email Extension by Amasty provides a full solution for lost sales recovery. You decide to create email auto campaigns in an extension. This will target customers with undelivered carts. You also need custom email templates. They should send personalized messages to make customers return and finish their transactions.

The extension includes detailed reports and analytics. You also get tools to track your abandoned cart recovery efforts. Once you know the best strategies, you can fine-tune your campaigns. This will maximize your recovery rate.

4. Mageworx Multi Fees

With Mageworx Multi Fees, shop owners can include checkout charges for services such as gift wrapping, insurance, or expedited shipping. One would usually think that charging fees would contribute to the increase in cart abandonment; however, Mageworx Multi Fees can be the opposite case. In this way, the merchant can avoid being too obnoxious or indirectly influencing the customer's decision to leave the site.

Other than that, you can also allow the customers to know your products in this process. This not only makes it more understandable for shoppers but also gives them the flexibility to make their own choices. Customers sometimes abandon their carts because they are not sure about the exact options they may get or the process they have to go through. Utilization of a purchase customizer is going to decode these uncertainties, which leads to better understanding and thus less cart abandonment.

5. OptinMonster for Magento

OptinMonster is lead generation software that empowers you to capture and convert customers from visitors. Integrating OptinMonster with your Magento store can help. It lets you create exit-intent popups, one-stop solutions, and targeted offers. These will motivate potential clients to complete their purchases before leaving your store.

OptinMonster is particularly effective at reducing cart abandonment thanks to its exit-intent technology. A customer is about to leave your website without finishing a purchase. Thus, you set up a popup that is related directly to the customer's action. For example, a discount, free shipping, or other bonuses if they stay and make the purchase. This way you are being proactive and consequently will have a fewer number of abandoned carts and a higher rate of conversion.

Conclusion

You should pay close attention to cart abandonment issues because they can make or break an e-commerce business. Magento provides several solutions to these issues. Tools for the solution of the problem are OneStepCheckout, IoCheckout, and AbandonedCartAmasty.