Consideration Maximum Consideration Maximum Finding a good fit for the size! industry, and mechanics of your business is a critical first step in partnering with a BNPL provider.
Choice and Flexibility for Customers
When it comes to payment options, shoppers want a variety of choices. The key is to offer enough options to attract the most customers without adding friction at checkout.
Flexibility is at the core
of buy now, pay later. And varying the BNPL options you offer to shoppers can attract many different customers. Some shoppers prefer the popular pay-in-four model—four interest-free payments made every two weeks. Others may prefer to make monthly payments spread out over a longer term, with or without interest.
Check to see what sort of flexibility your BNPL provider offers in terms of payment plans. Every shopper budgets differently, so make sure they have options for paying over time the way they want to.
Consideration 3: Expanding Your Customer Base
Partnering with a BNPL provider can play an effective role in your customer acquisition strategy.
Many providers have apps us by millions of active shoppers, and downloads of the apps have explod in the last two years. If you work belgium email list 2.8 million contact leads with one of these providers, your brand could gain valuable exposure on the app, which could drive a steady stream of shoppers who might not otherwise have come to your site or store.
Try to learn about the
customer approval rates the BNPL provider delivers. These how to create a wding website with wordpress (step by step) companies have different underwriting practices that may have an impact on the quantity agb directory of customers who get approv for a pay-over-time plan.
