Why You Should Offer A “Shop Now, Pay Later” Payment Method




 “Shop Now, Pay Later” solutions offer a new twist on point of sale financing for retailers with simple installment plans. They are designed not only to help consumers finance purchases conveniently but also allow retailers to add new sales channels and manage costly abandoned carts without looking for new sources of capital.


Buy now pay later credit solutions are a proven way to increase sales for merchants. In addition to increasing sales, offering this payment option captures the interest of consumers for future purchases. There are many benefits to adding an installment payment solution to merchants, including:


Reaching New Customers


You want to offer multiple ways to pay, because not all your customers carry credit cards. Younger generations especially like using their debit cards, as well as apps like Paypal to complete transactions.  With Pinelabs Payments, you can accept any kind of online payments that you think will help to build your business with offering buy now pay later.


Increasing Conversions


The Pine Labs debit card emi payment solution makes it easy for shoppers to buy now and pay over time without feeling overwhelmed. Percentage-based installments attract the attention of impulse buyers, and cash-back offers make shopping more enticing. Pine Labs eliminates the barriers that prevent online shoppers from buying now.


Be Into a Millennial Trend


We’ve tapped into this trend and helped a major retailer build a “shop now, pay later” solution that makes one-click purchasing easy for young people. We built an algorithm that identifies interest in the treasure hunting theme of the site. This algorithm is used to suggest themed products to users in their searches, which they can purchase by clicking on them. However, these products are not actually purchased until the shopper is redirected to the payment page and chooses to “pay now.” We provided an intuitive shopping experience in which finding treasure is stress-free, and so is paying for it.

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