Another anomaly from our Q3 CVR reports that we didn't see coming:
Merchant size didn’t protect against the Q3 CVR slide. In fact, the middle band fell hardest.
Q2 → Q3 median CVR, among stores active in both quarters:
$50M+ GMV: −2.9%
$15M–$49M: −5.6%
Below $15M: −2.6%