12 payment gateways that allow you to buy now and pay later
12 payment gateways that allow you to buy now and pay later |
Perhaps you remember or see the mythical poster "I don't trust here" on the wall of some restaurants. Consumption in online sales do not stop growing and like large companies like El Corte Inglés, they have always offered to finance purchases, now you can also allow your customers to buy now and pay later in your online store, receiving the money of the sale in advance. So in this article, I will discuss with details about how to allow your customers to buy now and pay later.
How to allow your customers to buy now and pay later
With e-commerce penetration accelerating wildly this year,
making it easy for your customers to buy is key. We could think that the
competition is between other online stores, your competition, but one of the
main factors when making a purchase is in the payment gateway and
these payment gateways are not competing to offer the fastest payment services
or without complications, but for the attention of the consumer, this is how
PayPal is one of the most important payment gateways in our times.
12 payment gateways that allow you to buy now and pay later
ViaBill
ViaBill is a payment gateway that offers your customers the
flexibility to buy now and pay later, in 4 interest-free installments, while
your business receives the total purchase money in advance. In this
way, customers can get what they need easily, quickly, and transparently and
your business has no risk of fraud.
The ViaBill payment method is completely free and the user
gets approval in less than a minute when registering. On the other hand,
you have the possibility of offering your customers an easier shopping
experience, thus generating an increase in orders and conversions. In
addition, it has integration with CMS such as Salesforce, Magento, Prestashop,
Woocommerce or Shopify.
Instant Credit by Banco Sabadell
Instant Credit is another of the instant installment
payment solutions, both for ecommerce and physical point of sale, as well as
belonging to a large bank such as Sabadell. The credit application process
is instantaneous and 100% digital, without the need for your client to provide
documentation. The solution covers from 3 to 24 monthly payments and
up to € 4,000 and has very good conditions for interest-free
campaigns. A differential feature of the product is that the first
installment is charged 30/60 days after having made the purchase and having
checked in your online store. It has integration through API or through
the main CMS such as Magento, Prestashop and Woocommerce.
Postpone me
Aplazame also gives the possibility of offering instant
financing for all types of online purchases, up to € 2,500 . One
of the advantages of Aplazame is that it is herself who assumes the risk of
non-payment and fraud from individuals. In addition, it also gives your
clients maximum flexibility since it allows them to divide their payments up
to 36 installments and choose which day of the month they want to make
their monthly payment.
With interest for each sale that ranges between 0.5%
and 1.5% depending on the total, in addition to the interest applied to
the operation itself. Aplazame also has an API and modules that facilitate
integration with Magento, Prestashop, Woocommerce and Shopify CMS.
Cofidis Online
Cofidis Online is another financing system, which is
behind the Amazon Pay in 4 system , developed in partnership with
Cofidis. This system allows your customers to finance their purchases
in 4 installments of up to € 1,000 . Cofidis will be in charge of
approving and managing the financing, which has no interest, but an opening
commission of 2.50% of the purchase capital.
eCredit Now
eCredit Now is Cetelem's financing platform, it is a
fractional payment solution at no cost for your online store and in which the
customer can choose the financing option: with or without interest, up to
60 months and without a limit of the maximum amount. If the user already
has a Cetelem credit line, they do not have to fill in any form or send
documentation. e-Credit Now has integration with Prestashop, Magento and
Woocommerce CMS.
FinOnline
FinOnline is CaixaBank's solution, with integrations
available for Magento and Prestashop. FinOnline offers your customers a
completely online process and without paperwork: once the product has been
added to the shopping cart, they only have to select the financing option as a
payment method and choose the fee you want to pay.
Klarna
Klarna launched an application where customers can not
only view their purchases and payment history, but also use the payment gateway
to buy any product from your online store with a Klarna virtual card,
regardless of whether the customer is associated with Klarna or not.
. This offers consumers a seamless experience, effectively simulating that
every online store in the world runs the popular "buy now, pay
later" service .
Afterpay
The Afterpay payment gateway also allows
you to buy now and pay later. They recently launched an omnichannel
product that allows consumers to choose their "buy now, pay
later" service as an option to integrate into your online store, without
interest or additional fees .
Latterpay
Latterpay allows you to pay in up to 3
installments without interest or added costs . The operation consists
in that, at the moment in which your client makes the purchase, a charge equivalent
to 33% of the total transaction is made; paying the rest in 2 more
installments. After the first charge, Latterpay pays 100% of the
transaction to your business, assuming the risk of non-payment in full. It
integrates with CMS Shopify and Prestashop.
Oney
Oney, among the financial products they offer, stands
out 3x 4x Oney, it is a solution for your online store and also in physical
stores, which allows your customers to pay for purchases from € 90 in
various installments , using any credit card or debit , through
a quick and easy process that does not involve providing additional
documentation or long waits.
Pay + Afternoon
Paga + Tarde is another solution that works in a simple
way, the client chooses the number of installments in which they want
to pay, and make an immediate confirmation if the amount and amount of
installments are within the established limits. It allows you to integrate
your service on the web, in a physical store or even by phone . Paga
+ Tarde announced in May 2019 its alliance with PayPal and as a result
allows Paga + Tarde with PayPal, a solution that seeks to boost
financing through PayPal.
SeQura
SeQura is a flexible payment solution that adapts to
the needs of your clients. Allowing your customer to pay up to 7 days
after shipment , without any extra cost . In addition, it
offers the possibility of a payment in installments in 3, 6 or 12 months
with a small fixed cost per installment.
It offers the possibility of using the solution both in a
physical store and online or teleshopping. The approval of the purchase is
instantaneous, and 100% of the payment to your online store is guaranteed, they
already assume the risk of non-payment of your customers.
Conclusion
The ability to make payments hassle-free is essential to the
success of any e-commerce business. Offering the opportunity to buy now
and pay later is an excellent solution for high-cost product purchases. If
you are interested in integrating one of these payment gateways, do not
hesitate to get in touch.
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