You shall not pass!
This worked out pretty well – not the fact that people registered eventually to view their transaction history and other statistics, but that they didn’t have to. The last estimate of people who eventually did register was way less than 10%, but we ended up being praised for the friction-free checkout process. Another win for lowering entry barriers.
Now to typical new user registration processes. At the bare minimum, the job of the registration form is to collect information that will help identify and (authorize) the user to your website at a later date. What is important to you however, and
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