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Adding a “buy now, pay later” payment plan to your WordPress website can increase your sales. This is because it provides customizers with some payment flexibility.
With this method, customers can purchase tongliao phone number items immediately and pay later in installments. At the same time, your company receives full payment immediately.
This setup creates a win-win situation. You'll increase customer satisfaction and maintain stable cash flow.
In this article, we’ll walk you through the steps to add a Buy Now, Pay Later payment plan to your WordPress website.
Why offer a “buy now, pay later” payment plan?
The “buy now, pay later” model helps increase the conversion rate and average order value of your online store. This is because it makes it easier for your customers to buy.
With the buy now, pay later payment method, customers can choose to pay nothing when purchasing online, or pay a very low amount upfront and pay the remaining amount over time.
Different types of buy now, pay later models are available. For example, the customer can pay the total amount in 3 or 4 installments or pay the entire amount after a certain number of days. Some payment service providers also offer financing for high-value or luxury items.
The biggest benefit of offering a buy now, pay later payment option is that your business receives full payment up front and is protected from fraud. On the other hand, a customer can buy what he likes and pay when it suits him.
For example, you can see that Airbnb offers a variety of options at checkout: full payment, partial payment, and Klarna’s “buy now, pay later” option.
How to Add a Buy Now Pay Later Payment Plan to WordPress
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