| | August 20229Throughout the managed payments journey, developing effective user experiences based on customer feedback has been essential for our successIn addition, we tailored communications to sellers that had started registration differently than to sellers who had not started. Further we offered more educational content to those that started but not yet completed registration. Once sellers completed registration, we provided checklists and help pages to aid sellers in their preparation for managed payments.Throughout this process, we continually monitored seller satisfaction, and actually found higher Net Promoter Scores (NPS, an indicator of advocacy and customer satisfaction) for sellers who are on the new payments platform compared to the prior system.3. Continually listen to and iterate based on customer feedbackThroughout the managed payments journey, developing effective user experiences based on customer feedback has been essential for our success. To address pain points, we leveraged sentiment monitoring, surveys, feedback and other channels to identify registration optimization opportunities. Payments requires compliance with certain regulations governing data collection and customer due diligence. However, customers can be uncomfortable providing sensitive information. Working with our product managers, we ensured consistent content all the way through upfront marketing to error flows and optimized to provide clear directions. As a result, we increased conversion, and reduced support contact rates. In addition to partnering with product, the marketing team collaborates with our support and community teams to keep a pulse on common topics, monitor contact drivers, understand seller mental models and discover the "why" behind their behaviors that can be difficult to capture through data and performance dashboards alone. We use this information to understand pages views and to shape our help content. Leveraging data on root cause drivers helps us further develop assets like explainer videos, and educational content for integration to our messaging channels, enabling sellers to self-serve the information they need in real time.The road aheadThe product marketing team at eBay works closely with partners across the organization, like research, design, product, development, community and customer service teams to maintain a 360 degree perspective on the managed payments experience. As of September 30, 2020, 20% of our on-platform transaction volume is processed in managed payments, and we've seen adoption from 340,000 sellers - nearly 300,000 of which have been added since June 2020. We are rapidly enabling the majority of the sellers on our platform for managed payments by the end of 2021, and while our sellers are unique in their attributes and mental models, we are continuing to leverage data-driven approaches to inform decisions and optimize our communications.
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