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Customer financing lets customers enroll in a payment plan to buy goods or services. Similar to a credit card, the merchant receives full payment upfront. The customer receives the item right away, but pays over time. The customer is typically charged interest on the financing, and the merchant might have to pay a small fee for each financed transaction.
Topics: Inhouse or third party? BNPL (Buy Now - Pay Later) Key Questions Can your customers qualify? What are the spending requirements? Will customers use it? What does it cost you? Impact on margins? Global Players PayPal ViaBill Klarna Afterpay Integrate with eCommerce platforms Part of your advertizing and marketing
Customer financing lets customers enroll in a payment plan to buy goods or services. Similar to a credit card, the merchant receives full payment upfront. The customer receives the item right away, but pays over time. The customer is typically charged interest on the financing, and the merchant might have to pay a small fee for each financed transaction.
Topics: Inhouse or third party? BNPL (Buy Now - Pay Later) Key Questions Can your customers qualify? What are the spending requirements? Will customers use it? What does it cost you? Impact on margins? Global Players PayPal ViaBill Klarna Afterpay Integrate with eCommerce platforms Part of your advertizing and marketing