What Is Shopping Cart Software: Analysis of Features, Benefits and Pricing

What is shopping cart software? The umbrella-term unites a variety of standalone applications and embedded commerce services that streamline web buyers’ experience, and make it possible to select and reserve items for purchase before moving to check out. Nowadays, when online shopping has become a preferred method of acquiring goods and services, both vendors and buyers depend on such services to close successful deals. 

Why use shopping cart software? The purpose of shopping cart software is to support the work of online merchants with larger customer databases, and enable at least a simplified self-service method. On an eCommerce website with a reliable shopping cart service, prospective buyers have the possibility to preselect, reserve, and store items they’d like to own. The cart itself is often the leading element that inspires trust in the shopping process, and lets them know they’re dealing with a professional provider. On the owner’s side of the axis, meanwhile, this leads to accelerated checkout and out-of-the-box possibilities to cross-sell related products, and please customers with ‘just-what-I-wanted’ offers.

Alongside answering the question of what is shopping cart software this guide will solve several productivity seekers’ dilemmas when it comes to purchasing the ideal solution. Since it is difficult to speak of a one-size-fits-all shopping cart tool, you should examine in detail what each product can do, and only then consider investing your money.

The main topics to be discussed will be:

  1. How Does Shopping Cart Software Work?
  2. Benefits of Shopping Cart Software
  3. Features of Shopping Cart Software
  4. How Much Does Shopping Cart Software Cost?
  5. Examples of Shopping Cart Software
  6. Potential Issues
  7. Shopping Cart Software Market Trends

How Does Shopping Cart Software Work?

What does Shopping Cart Software do? The reason why there are so many possible definitions to answer our question, “What is shopping cart software,” is because of the diversity of features these services provide. Shopping cart software varies from fully hosted off-the-shelf solutions you can use without dedicated online stores; to self-hosted and 100% customizable portals you can embed on any already operable location. In both cases, you will get an active and independent analyzer of your shoppers’ data, and be able to discover invaluable hints on what sells, and what causes users to abandon the cart. Therefore, the best and most accurate definition of shopping cart software would be “a shortcut to more productive and effortless selling.”

Shopify gives you quick lookups on important metrics.

Benefits of Shopping Cart Software

Shopping cart applications support eCommerce efforts in a variety of ways, which is why satisfied customers report a number of notable benefits after they’ve deployed one. Speaking of the main advantages of shopping cart software, here are the immediate benefits:

  1. Safer shopping. Most online stores decide to get a shopping cart application because of security issues, keeping in mind that payment and transactions are facilitated and well administered. With a licensed cart in place, customers have the peace of mind that their money will arrive safely to the desired destinations, and so will you.
  2. Convenient shopping. Thinking from a buyer’s perspective, would you rather consider a site where you can store and manage your orders, and make them separately; or one where you would always be expected to repeat the browsing session, and undergo tedious selections again and again? We all shop online because of the unwillingness to visit an actual store and choose, and that’s where shopping carts work out their magic – they enable us to serve ourselves.
  3. A single hub for data management. A shopping cart is not only a tool customers will “pass through,” but also an intelligent base collecting information and revealing patterns, alongside calculating important product stats. It will maintain the order and payment history of each consumer, collect and process credit card information, and provide invaluable stats on selling trends for different time periods.
  4. An official storefront for your business. A good shopping cart will ensure easy access to selected products/services, but also intelligently pull off other related pages that may be of interest to the customer. As part of a constantly evolving technology field, the cart will adapt easily to the user’s browsing criteria, and further improve the shopping experience by keeping track of everything customers are doing. This will help them develop a more professional image of what your brand can do for them.
  5. Easy payments. Another important benefit of shopping cart software is being able to collect payments in a hassle-free way, as it gives you all processing features you need to charge customers without asking them to abandon the platform. This means processing credit cards and connecting easily to bank accounts; working in synergy with leading gateways, and triggering an immediate process of billing & invoicing with or without a third-party connection. Plus, a reliable cart is the only way to ensure you will process each and every payment.
  6. Shopping analytics & performance management. To ensure that all transactions are running smoothly, shopping carts organize and categorize information in historical sections, and even process the data to showcase it visually and let the owner understand the health of his performance. Most of the popular shopping carts impose no restrictions to as how many transactions you can process, and will scale easily as your database increases.
  7. The Special-Offer trick. Shopping carts come packed with advanced marketing functionalities that help retain customers and acquire new ones. They will let consumers create wish lists, access a detailed product/service catalog, use promotional and discount coupons, and much more.
  8. The feedback. Shopping carts are among eCommerce businesses’ most important experience management assets, at the core of each and every evaluation process. After a successful (or unsuccessful) process, customers will be asked to rate your service and provide tips on improvement, which means you will have first-hand-experience information to work with.

Wix offers shopping cart and other plugins with no coding required.

Features of Shopping Cart Software

How does shopping cart software work? Different solutions offer different plans and feature set. But generally they share common functionalities. Here are the standard features of shopping cart software.

  1. Easy administration. Shopping carts come with an excellent administration panel where you can store items, update data, and set different permissions. The panel is usually featured by a straightforward layout and easy navigation, and presents data in logical folders and subfolders to put all functionalities at your disposal.
  2. Functional product displays & Catalogs. Shopping carts enable visual communication with customers, providing them with excellent product images and descriptions, and a variety of searching controls. They are usually flexible enough to allow the user to resize, zoom, or save an image, and could even feature videos and animations.
  3. Product/Service reviews. It is the shopping cart where prospective buyers read on other users’ experience, and where they will eventually provide their feedback as well. Rating stars and evaluation fields are also a great option to help users make the right decision.
  4. Selection filters. Faceted navigation is imperative to any shopping cart solution, which means you should be looking at a product that comes with a functional search button, and a variety of filters that will help buyers eliminate shortlist products they like. In a retail store, for example, the shopping cart should have color, material, size, and other related filters.
  5. Checkout pack. Shopping carts make checkout fast, efficient, and secure, giving the buyer a chance to complete an order and pay for it without using third-party services. This means that your shopping cart should be able to process credit card payments and synchronize with different payment gateways, and ideally support a billing/invoicing technology that will keep buyers updated on the status of their order. In the meanwhile, the shopping cart will monitor the shipping process, and update the buyer on any potential changes.
  6. Special offers. It is the shopping cart that helps online vendors engage and retain customers, and it does so by collecting valuable customer data. Once the buyer is in your database, you can prepare special offers, offer coupons and discounts, or even promotional prices for loyal customers. In addition, the shopping cart can at any time offer a subscription option for the users,
  7. Analytics & Reporting. Shopping carts gather invaluable intelligence for the vendor, either using their own processing capabilities, or relying on a third-party integration such as Google Analytics. This will help you depict positive and negative sales trends, track your orders, and distinguish prospective buyers from prospective abandons.
  8. Integrated chat support. Shopping carts have a role through the entire purchase process, which is why they must also ensure the customer will have the adequate support and answer to his questions. This is why you should be looking at a shopping cart that offers an integrated chat capability, and be there for the customer at any moment.
  9. Integrations with third-party software. The best shopping carts offer a long list of native integrations with eCommerce platforms and marketplaces, BI solutions, CRM tools, inventory management & accounting apps, and similar systems.

Volusion’s inventory module keeps you updated on your SKUs.

How much does Shopping Cart Software cost?

The cost of shopping cart software depends on a variety of factors, the main of which are the number of products/customers one wishes to manage; and the availability of advanced features  and premium support. The possibility to find and embed a free-to-use shopping cart is not excluded, but you should have in mind that these systems are dedicated to sole retailers and SMBs with a limited number of orders.

The usual approach to enterprise pricing in this case is to put in place a flexible scheme, and design packages for small, medium, and large businesses with a different number of users. In this case, expect to pay a monthly subscription between $20 and $120 without commitment, and slightly less when subscribed for the entire year. Keeping a close eye on discounts and promotions is always a smart idea, as it may happen that you get a great cart at 50% of the actual price. Single-payment, on-premise, and licensed shopping carts are also available, but they usually cater to the needs of large and international marketplaces.

Last, but not least, you will come across quote-priced shopping cart software, namely applications whose price is calculated on dot, and takes into account the specific needs and financial capacity of the buyer. The usual approach there is to contact the sales department for registration, or to use a dedicated online calculator.

Examples of Shopping Cart Software

Often, the quickest way to choose the right solution is to compare the top players in the niche. To give you an idea of the major solutions in this category, here are a few examples of shopping cart software:

  1. Shopify: One of world’s leading and most internationally used shopping carts, catering to more than 120,000 stores in the world. It comes packed with retail-exclusive features, including the possibility to set up a ready and functional store and run it from day one. It recovers abandoned carts automatically, and supplies you with powerful marketing features, easy to use reports, and run your own payment gateway.
  2. Wix: Free to help sole retailers and small businesses set up commerce websites, but also offers premium packages for all-inclusive stores. It lets you choose from hundreds of stunning templates, and functions impeccably on mobile devices. The same drag-and-drop builder can be used for crafting other types of websites.
  3. Volusion: Adopts the role of a personal eCommerce assistant of sole and freelance entrepreneurs, and helps them build attractive eCommerce websites. So far, Volusion-empowered platforms helped place around 185 million orders, and brought in an incredible revenue of $26 billion.
  4. 3dcart: With 3dcart’s powerful eCommerce platform, users can easily build their online stores and achieve success thanks to its wide set of features as well as partnerships with over 200 leading business service providers, ranging from shipping carriers, tax calculators, payment solutions, and more.

Potential Issues

The use of shopping cart software is not without issues, mainly around these common problems. However, with proper caution it is easy to resolve the issues, which are easily outweighed by the benefits.

  1. Fraud issues. Compared to a physical store, shopping carts leave a larger number of open security gaps and possibilities for the merchant not to comply with the order’s conditions. Merchants, on the other hand, risk fraudulent repudiation of their online purchases, despite of the fact that credit card numbers are promptly protected with SSL encryption.
  2. No full cost disclosure. Another serious concern of online shoppers is the lack of cost disclosure, given that in most cases they are not able to see the total price before the last step of the check in. This means that what they see is the price of the product, excluding additional fees such as taxes and shipping costs.
  3. Lack of interactivity. Shopping carts often cause owners to fall short of hands-on inspection, especially with customers having to rely on pictures and foreign opinions to make a decision. The feel of genuine merchandise and exchange of information, as well as the feel of confidence is often absent in online shopping, and customers often consider they’ve not been given the attention they deserve.

What lies ahead for shopping cart software? We can think of three scenarios in the next few years.

  1. A more personalized shopping experience. In response to the “impersonal shopping” issue, developers of carts are focusing heavily on developing tools that will make customers feel more welcomed. Systems of the future will lean on  and adapt to seasonal and temporary changes of buyers’ behavior, so that each client will receive the service he’s after.
  2. Product testing and predictive marketing. Analytics will become even more important in the future, and merchants will be able to associate their carts with a variety of business intelligence tools to perform complex examinations. Products will be subjected to multiple tests and experiments for merchants to develop working strategies, and to create targeted, successful email campaigns.
  3. Tighter integrations with social media. Expect shopping carts to be tightly integrated with leading social media platforms, so that you can track traffic and marketing campaigns, and coordinate teams and agents selling on different locations.
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