Ecommerce's Best Buy Now Pay Later Tools

Ecommerce’s Best Buy Now Pay Later Tools

In the era of digital marketing, when online stores have occupied the position of the physical store, the newest business strategy, Buy Now Pay Later is trending in the market successfully. If you are also an online retailer, you must know how to utilize the Buy Now Pay Later payment method in growing your business. In this article we will discuss the advantage of the Buy Now Pay Later payment method along with the top 4 Buy Now Pay Later tools. For more information check here buy now pay later shopify.

Buy Now Pay Later is a payment method that is the updated version of the installment payment system. It is a third-party service that often provides a flexible payment plan with no hidden fees and no interest. Depending on the customer’s needs, several of these software provides simple installment plans and flexible financing choices. Users, as well as store owners who are generally paid ahead, benefit from Buy Now, Pay Later options. 

The customers find it beneficial as they have a chance to buy your products now without making payment initially, later they can complete the payment procedure if they would like your products to keep with them. This allows the customers to try your products before buying and they get more confident about your product quality and start to trust your brand.

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This reflects in your brand’s growth as it increases your selling rate as well as the conversation rate. Moreover, it is very beneficial for your start-up business to create a strong brand identity and brand awareness among the audience. So, incorporating the Buy Now Pay Later payment method can become your ideal choice to boost your online business this year. There are several Buy Now Pay Later tools that allow you to incorporate this payment option in your application successfully. 

1. Sezzle

Sezzle is a free Buy Now, Pay Later tool that allows your consumers to break up a major purchase into many installments. Sezzle does not run credit checks. Even it takes full credit risk when a customer does not complete a transaction.

Features

  • Customers can pay in four equal installments over six weeks, with no interest.
  • You will receive payments on time.
  • For developing store awareness, you’ll have access to an active network.
  • Shopify, Magento, BigCommerce, WooCommerce, Wix, and more platforms are all supported.

Pricing

For the cost, you need to schedule a demo.

2. Klarna

Klarna offers four interest-free payments with no influence on the customer’s credit score. Customers may choose between two financing options.

Features

  • Users can learn about payment choices before checking out by using on-site messaging, such as that found on product pages
  • For quick payment, customers can choose the Express button at checkout or through their mobile app.
  • Customers can use a variety of payment alternatives in-store with a contactless payment system.
  • For repeat customers, pre-filled information, preferred shopping, and payment choices are pre-selected.
  • Integration with Shopify,

WooCommerce, Magento, BigCommerce, and 3D cart. For more check here, buy now pay later shopify.

  • To help promote store recognition, customers have access to an engaged network on your shopping app.

Pricing

The installation is free of charge. $0.30USD/Klarna transaction, with a variable cost of up to 5.99 percent.

3. AfterPay

AfterPay is another Buy Now, Pay Later option that allows customers to pay for their product in four installments, one every two weeks. As long as the customer pays on time, there is no interest or additional costs.

Many big-box businesses, including Free People, Urban Outfitters, Anthropologie use the technology.

Features

  • Customers can pay in four installments, one every two weeks, with no interest or fees (as long as the customer pays on time)
  • To help develop store awareness, you’ll have access to an active network.

Pricing

For the cost, you need to schedule a demo.

4. Affirm

Affirm provides customers with a variety of payment choices with no hidden costs. However, for large-ticket transactions, the tool adds a 0-30% interest rate.

Features

  • Extend the length of your loan up to 36 months.
  • Integration of online, in-store, and telesales channels
  • To help develop store awareness, you’ll have access to an active network.
  • Affirm works with Shopify, BigCommerce, WooCommerce, Wix, Bolt, Adyen, and other platforms.

Pricing

For the cost, you need to schedule a demo.

These Buy Now, Pay Later tools might help you reduce the number of abandoned carts and checkouts. The buying barrier is reduced by giving flexible funding options. When a purchase can be bought in installments rather than in full, consumers are more likely to immediately indulge. Because these tools offer interest-free installments based on a minimum cart value, the solution can help raise the average order value. Utilizing these tools you can incorporate the Buy Now Pay Later payment method in your application successfully leading to new customers and boosting up your business to the next level. Visit buy now pay later shopify for more information.

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