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Online Transactions

Privacy and Security are Primary Concern for Online Customers

Nearly 86 percent of British consumers who have conducted online transactions in the past year have experienced problems completing transactions. This finding came from a survey, conducted by Harris Interactive and commissioned by Tealeaf. It also highlighted an unforgiving attitude towards online stores, with 37 percent of those who have experienced problems when conducting an online transaction in the last 12 months saying they would abandon their transaction entirely if they experienced a problem.

Poor Customer Support

According to the survey, consumer intolerance of an online experience is exacerbated by poor customer support from contact centres when people seek to rectify the problems they encounter. 43 percent of adults who experience online transactions problems contact customer service centres and yet, worryingly, only 47 percent of these felt that this resolved their issue. Ultimately, 40 percent of British consumers who experienced bad customer service from a company's contact centre following an online issue stopped doing business with the company altogether.

British consumers have very high expectations of their online experiences, yet many companies doing business online are still failing to deliver an acceptable level of customer experience and service to internet customers, said Rebecca Ward, CEO, Tealeaf.

Online interactions with clients are important
Good online interactions and customer support lay a good foundation for your online business success
(Image by Pixabay.com)

"The only way to understand and pinpoint problems, improve conversion rates and better serve customers is to have visibility into everything that happens on your online channel. The lack of face-to-face contact is an obvious disadvantage online, but customers must feel as though they are valued and that their issues are understood, processed and, ultimately, solved. Businesses need to pay the same consideration to the experience of each and every online customer, just as they would in a physical shop or via a call centre, and to achieve this they require a clear picture of where their websites work and where they fall short. Only then will they be able to take steps to improve the service they deliver to their online customers," said Ward.

Online Transactions Survey Key Findings

Other key findings of the online transactions survey include:

» Online vs. Offline

88 percent of adults were not willing to accept lower levels of customer service online than they would receive in person.

» Functionality

20 percent of those conducting online transactions felt that the ease of completing a transaction was the most important factor in a positive customer experience. Yet 31 percent of those who had problems conducting online transactions felt that the website was too difficult to navigate and another 29 percent were unable to complete their action due to an "endless loop", for example.

» Security

Privacy is a primary concern of those conducting online transaction; in fact 32 percent felt that website security was the most critical factor of a positive customer experience. However, 40 percent of those who experience problems when conducting an online transaction reported that, when they have transaction issues, they are likely or very likely to question a company's ability to keep their private information secure.

» Successful transactions are more important than loyalty programs

For example, 92 percent of British consumers who have booked travel online reported that the ability to complete a transaction without encountering a problem was important or very important to them, whereas only 24 percent reported that the travel provider's loyalty or rewards program was important or very important.

To summarize, privacy and security in online transactions are not only on British consumers' minds, but everyone's nowadays. But whatever your security concerns might be when doing online shopping, you won't experience any when you go to Best Buy retailers. They use secure, encrypted pages, so you can shop there with a peace of mind, and even save a buck or two.

With the growing online commerce the security of customer's data and personal information has become ever more important. This puts more pressure on online businesses to protect privacy, while providing better solutions for security of online transactions.

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"It's not what people know that's the problem, it's what they think they know that just ain't so."

Mark Twain