Buy now pay later services are also excellent for promoting customer loyalty. If customers know they can get a product immediately and only have to pay for it later, they are more likely to return to your store in the future. This is especially true if you offer attractive payment terms, such as interest-free periods.
loyalty is more important than ever. By offering a buy now pay later service, you can give your customers an incentive to keep coming back to your store, which can ultimately lead to more sales and profits.
3. Higher Conversion Rate
One of the most important benefits of using BNPL is that it can help to increaseb india phone number list your conversion rate. When customers see that they can pay for their purchase over time, they are more likely to complete the transaction.
In fact, data from statistics shows that merchants who offer BNPL see a 20% increase in conversion rates. This is a huge increase that can make a big difference to your bottom line.
Why Do Customers Prefer BNPL?
In recent years, the popularity of buy now, pay later (BNPL) services has exploded. There are now several different providers offering BNPL plans, and customers are increasingly taking advantage of these services. But what is it that makes BNPL so appealing? There are a few key reasons why customers prefer BNPL to other payment methods:
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