Want to entice your customers to shop in your lithuania phone number library store without compromising your product value. Like giving a discount or bundling products to increase AOV? Founded in 2015 in Australia and launched in America in 2018, Afterpay, the best-known Australian leader in “Buy Now, Pay Later” payment offerings, allows even the smallest of merchants to offer flexible payment options at checkout, among other offerings.
The Buy Now, Pay Later (BNPL) financing allows shoppers to. Purchase an item they need/ want and pay for it in installment with an interest-free period and specific conditions. And this is known to be a more cost-effective method of financing purchases than credit cards.
While such payment offerings have grown in popularity to attract more younger consumers, they also help merchants and consumers answer needs, especially in the pandemic. It’s not just a trail of words; even payment analysts have noted that the BNPL trend is popular among Millennials and Generation Z, who are wary of taking on credit card debt.
What is Afterpay and how does it work?
By breaking down repayments into 3 or 4 top change management models explained: kotter, lewin, and more bite-sized amounts, with no surprises and no fees when paid on time. Shopify Afterpay lets its consumers (I mean “your customers”) get what they need and want, increasing AOV by an average of 25%. From Business Equipment and Supplies to Art and entertainment to Clothing and accessories. Electronics, Pet supplies, Food and drink, Home and garden, Hardware and automotive. Health and beauty to Sports and recreation and everything in between. You name it, Shopify Afterpay lets you consumers have it.
Over 43200 of the world’s best retailers currently offer Afterpay payment options in their checkout funnel. While the Shopify Afterpay service is presently available in Australia. New Zealand, the United States, and the United Kingdom(called “Clearpay”), it has more than 7.3 million active customers globally.
Afterpay: Flexible shopping experience for merchants and your customers
- No one-timers, flexible options
With flexible installment plans, up to 6 b2c fax weeks at checkout, Afterpay merchants can enhance their store online buyer journey and increase in-cart conversions, average order values and repeat purchases.
- Empowering not entrapping
As consumers seek low-commitment, straightforward solutions, Afterpay Site Messaging about split payments will drive customers through the conversion funnel.
- Paid upfront. Not latter
Your customer choice of BNPL will not impact your revenue stream with Afterpay, as you get your payments settled upfront no matter which installment plan shoppers choose.