Greg Shuey’s Post

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐏𝐚𝐲 𝐥𝐚𝐭𝐞𝐫 𝐢𝐬 𝐚 𝐌𝐔𝐒𝐓!💳 Did you know that in 2023, nearly half of the UK population used a BNPL (Buy Now Pay Later) method to make purchases? This trend emphasizes the importance of integrating a BNPL option in your checkout process. 🛒 Without this option, you risk missing out on valuable conversions. Consumers appreciate having the choice, and offering flexible payment options can improve their shopping experience. 📈🚀 𝐅𝐮𝐧 𝐟𝐚𝐜𝐭: If you show a 𝐁𝐍𝐏𝐋 𝐨𝐩𝐭𝐢𝐨𝐧 at the 𝐛𝐨𝐭𝐭𝐨𝐦 of checkout and a 𝐝𝐢𝐫𝐞𝐜𝐭 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐦𝐞𝐭𝐡𝐨𝐝 at the 𝐭𝐨𝐩 of the screen, your 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐫𝐚𝐭𝐞 is 𝐡𝐢𝐠𝐡𝐞𝐫 than if you don't offer BNPL at all. And consumers are even more likely to 𝐜𝐡𝐨𝐨𝐬𝐞 the 𝐝𝐢𝐫𝐞𝐜𝐭 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐨𝐩𝐭𝐢𝐨𝐧. #buynowpaylater #ecommerce #didyouknow

In the rapidly evolving #ecommerce landscape, Buy Now Pay Later (#BNPL) is emerging as a game-changing trend. 🔝 Therefore in our new #blog you will explore: ✅ what BNPL is ✅ which prominent websites bolstering this trend ✅ ten reasons why BNPL is shaping the future of e-commerce ✅ if you should integrate this payment method into your business  ✅ examples of online stores soaring with BNPL ✅ five exceptional apps to push your e-commerce game to the next level Read more at https://lnkd.in/ef_a6s3e.

Retailers, are you looking for a way to drive more revenue and keep your customers happy? It's time to consider BNPL as a payment option. Recent data suggests that retailers who didn't offer BNPL experienced sales declines in 2023. Over 40% of BNPL users indicated that the absence of this option would compel them to either postpone a purchase or opt for a cheaper product. .Get in touch for more details on how BNPL can benefit your business. #BNPL #Retailers #RevenueGrowth

After eight long months, one of the OnBuy team has finally received the 9p Cashback he earned through a well-known cashback site back in November. 9p… and EIGHT months?! 😱 Cashback is a great way to earn money on the things you buy, but you shouldn't have to work so hard for it. The advantages of traditional cashback sites are, more often than not, offset with complicated clauses and lengthy waiting periods, which for many just aren't worth it. That's why we're doing things differently! We wanted to give customers all the benefits of earning as they shop, without the need for a third party site or the hassle that comes with it. By offering Cashback that can be redeemed instantly, they’re fully in control of their earned cash, whether they want to spend it straight away, save it or wait and withdraw it. For us, this means the joy of giving meaningful rewards as people shop, in a way that puts them in complete control. For our customers, it means real money in real time – not just ‘pointless’ points that they have to wait around for. #cashback #ecommerce #marketplace

In recent years, Buy Now, Pay Later (BNPL) platforms have surged in popularity, offering consumers a flexible way to spread the cost of purchases. This method of payment has transformed the way people shop, especially in the e-commerce sector. But with so many BNPL platforms available, how do you know which one is best for you or your business? In this article, we’ll explore the top BNPL platforms, their benefits and drawbacks, and rank them from best to worst. https://lnkd.in/gNJYRmHi

Buy now, pay later - BNPL – it sounds like a dream come true. It’s also the latest twist in e-commerce. One regional player here had record sales of over $43 million during Ramadan. In. A. Single. Day. Now, this is obviously great news for them – but it also highlights two areas of consideration: 1️⃣ Such a surge in traffic is a threat to your infrastructure 2️⃣ Customers’ disposable income during festive seasons is limited So, how did they work around this? Well, firstly, they made sure to integrate with other e-commerce platforms. This allowed them to be present on other – sometimes larger – platforms’ landing and checkout pages. Thus, they managed to offshore a lot of traffic onto other platforms’ infrastructure while simultaneously taking advantage of the same increased traffic. Secondly, as a micro-lending platform, they have to swiftly, and securely verify and process transactions. Naturally, this comes with a lot of risk as it’s easy – and common – for people to default on microloans. But with machine-learning algorithms and the right data sets, they can assess a customer's risk profile in real-time and make a judgment call. Lastly, something that makes BNPL rather attractive in my eyes is that it is independent of traditional credit mechanisms that often fall prey to high or variable interest rates. With BNPL, what you get is a great service, a manageable risk profile, and $43 million turnover in a single day. Are you a fan of BNPL apps? #Technology #Innovation #Future

Why customers prefer Buy Now, Pay Later in 3 keywords: 1. Transparency 2. Ability to monitor spending 3. Convenience These 3 factors are driving the explosive growth of BNPL, which is projected to reach a user base of 900 million by 2027*.  𝟭 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 Consumers demand clarity in financial services, and BNPL meets this need with upfront terms and zero hidden fees.  𝟮 𝗔𝗯𝗶𝗹𝗶𝘁𝘆 𝘁𝗼 𝗺𝗼𝗻𝗶𝘁𝗼𝗿 𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴 Consumers want more control over their spending. BNPL empowers them with predictable, manageable payments, often with interest-free options. It's a budgeting tool that appeals to all ages, not just younger generations. 𝟯 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲 BNPL aligns with that desire for things to run smoothly. It offers a seamless checkout experience with easy-to-manage payments. It's no surprise that 94% of online BNPL users expect the same level of convenience when shopping in-store. The bottom line?  Companies offering BNPL are gaining a competitive edge. They're attracting new customers, fostering loyalty, and even seeing a boost in average order value. BNPL is not just a trend. It's a fundamental shift in how people want to pay. #bnpl #buynowpaylater #embeddedlending  #digitallending  #ecommerce *https://lnkd.in/gzx7Xjsj

In an article that I published a while back, I talked about different platforms that you can use for Buy Now, Pay Later (BNPL). In this article, I have selected the top five BNPL platforms and solutions and explained each tool with code samples. https://lnkd.in/gA5UZZTr #BNPL,#ECOMMERCE,#BUYNOWPALYLATER,#Klarna,#Afterpay,#Clearpay,#Affirm,#Sezzle,#PAYPAL

Australia Outpaces US in Online BNPL Adoption Nearly 3 to 1 "...The results revealed that only a small fraction of consumers paid for their most recent eCommerce purchase using BNPL — roughly 1% in most countries surveyed. While only 0.9% of U.S. consumers reported having used BNPL to pay for their last online purchase, that share nearly triples to 2.5% for consumers in Australia. Indeed, adoption in Australia was considerably higher than in any other country with the next-greatest share being the Netherlands, at 2.1%..." #bnpl #ecommerce #onlinepurchase #payments PYMNTS _________________________________ If you want to immediately see new content that I curate 👉🏻 Ring my bell (🔔) and follow #informationbanker or if you want to get the posts that got noticed in my weekly What’d I miss newsletter, subscribe here: "https://lnkd.in/d5_KvWwu"

Looking for a smarter way to shop online? 🛍️💳 Ever heard of Buy Now, Pay Later (BNPL) services? They're changing the game! 💥 Imagine being able to split your payments into interest-free installments, making your purchases more affordable and budget-friendly. With BNPL, you can do just that! Whether you're eyeing that new gadget, a cozy couch, or planning your next getaway, BNPL has you covered. But it's not just consumers who benefit. Retailers are seeing a boost in conversions and higher average order values. By offering BNPL options, businesses are breaking down financial barriers and enticing shoppers to explore and buy more. Are you ready to experience the convenience and flexibility of BNPL? #BuyNowPayLater #Shopping #VolkornInnovates