Buy now pay later methods let customers pay in installments over time. You’re paid immediately and in full and your customers pay nothing or a portion of the total at purchase time. Buy now pay later methods are often used by:
- Retailers selling high value goods like mattresses or luxury items.
- Retailers selling low value goods that want to increase average cart size and reach new customers.
Buy now pay later methods may not be a good fit for your business if:
- You sell software or services. Buy now pay later methods typically only support physical consumer products purchases.
- You’re sensitive to cost. Buy now pay later methods charge higher payment fees.