That's why you should Buy Now, Pay Later
How does the purchase on account work?
Revenue up & Checkout abandonments
Studies show that BNPL (Buy Now, Pay Later) can increase purchase completions by up to 30%. Why? Because many customers choose to buy when they can pay later.
Especially popular among young buyers
BNPL is particularly popular among Millennials and Gen Z. Many of them avoid credit cards but still want the flexibility to pay as they go. For them, BNPL is a perfect solution.
On par with the competition
Many shops and platforms are already offering BNPL. To ensure you don't lose customers to competitors, it's essential to provide this flexible payment option as well.
Happy customers return.
Flexible payment options enhance customer satisfaction, and happy customers usually mean great results.
Fewer abandoned purchases, higher revenue
For customers who can't or don't want to buy right away, BNPL offers a payment option they wouldn't otherwise have.
Counteracting customer churn
If you don't offer BNPL as a payment option, you risk losing customers to competitors. But it doesn't have to be that way.