MEET TODAYʼS NEEDS

Boost your bottom line

BNPL methods mean frictionless commerce. And that means a better experience for your customers and better margins for you. In a recent survey:

– Respondents said they would tolerate slightly higher prices for a simple check-out procedure or a “one-click” purchase ¹⁰

– Respondents who said “fast and convenient checkout and payment options” would improve loyalty ¹¹

– Installment payment users (BNPL) who have canceled their credit cards ¹²

THE PROCESS

How does it work?

Hereʼs a sample journey of a customer using BNPL technology.

STEP

Customer shops merchant site

STEP

At checkout, customers choose BNPL options

STEP

Customer creates account or logs into BNPL ecosystem

STEP

Plan options displayed and selected

STEP

Return to merchant website to complete checkout

¹⁰ https://www.prnewswire.com/news-releases/td-banks-annual-consumer-spending-index-reveals-credit-knowledge-gap-exists-among-millennials-300810766.html
¹¹ https://www.prnewswire.com/news-releases/td-banks-annual-consumer-spending-index-reveals-credit-knowledge-gap-exists-among-millennials-300810766.html
¹² PYMNTS.com Buy Now, Pay Later Tracker©, December 2019.