Tech Talk with Mike Pay for e-commerce services.

If you run an online store, you may have heard of the “Buy Now, Pay Later” (BNPL) option, which exploded alongside e-commerce expansion during the outbreak. As online stores adjust to customer needs and preferred payment options, many e-commerce stores have begun offering customer-friendly and flexible payment options.

These solutions are rapidly gaining popularity as users do not pay interest or need a credit check to qualify. They also integrate directly with e-commerce platforms. The latter options are most common among millennials, most of whom are online consumers. Consumers may be more likely to use it when they try not to accumulate extra debt or interest on credit cards. It also allows businesses to offer flexible services at full cost immediately and at no extra cost. This explains why more online stores have adopted this flexible payment option, which is currently used by more than a third of US customers.

What is BNPL?

As the name implies, “Buy Now, Pay Later” is a third-party solution that offers flexible payment plans for online buyers. All interest free or hidden fees. Most of these providers have flexible financing options and easy installments to meet customer needs. This option benefits both customers and online store owners, as stores pay in advance. BNPL service providers eliminate customer credit risk, freeing your business from payment collection.

What are the best BNPL tools?

As this service continues to gain popularity, more BNPL service providers have entered the market. However, you must determine the payment options offered by your provider. While most providers have different solutions, they include common plans;

Interest-free room fees (usually four equal fees)

Payment within 30 days

• 6 to 36 months financial support

The best solution for your business comes down to customer purchase behavior and sales margins. Among the many providers, below are some common BNPL providers that seamlessly integrate with major e-commerce platforms.

After payment

Afterpay is a popular BNPL tool used by most large box retailers such as Sketchers, Urban Outfitters, Anthropologie and Free People. The solution allows consumers the flexibility to pay for four orders. These payments are made once every two weeks. If the customer makes payments on time, the plan has no interest or additional charges. If a customer is late, payment will be made late.

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Afar is an omnipotent payment solution with no hidden fees. However, Afar also charges 0-30% interest for customers who purchase large tickets. The device offers up to 36 months of extended financing and integrates with BigCommerce, Wix, Shopify, Bolt, WooCommerce and other platforms. This is a great option for e-commerce stores that sell high-end ticket items.


Clare and Four are interest-free BNPL solutions. The device offers advance payments to businesses and does not affect customer credit rates. Clare offers two payment options; Financial support payments for 30 days and 6 to 36 months. The latter payment option is ideal for businesses that sell large items such as gym furniture and furniture.

Development of BNPL

When physical retail stores open, online shopping does not decrease. Customers want comfort and conveniently buy and pay for their products. Although BNPL was enriched with e-commerce businesses at the time of the outbreak, BNPL is still part of the in-store shopping experience. Many brick and mortar retailers have started offering after-check options. Therefore, customers are more likely to meet their food needs for BNPL solutions every day, online or offline.

wrap up

Thousands of online stores have already integrated flexible payment options for their customers. In fact, Buy Now, Pay Later It is expected to generate over $ 680 billion by 2025. So, if you do not consider this payment option for your business, you are losing it. Buy Now, Pay Later

Mike Gingerich He is president of Digital Hill Multimedia (, Goshen Web Design, Web Software and Social Media Marketing. He is a business blogger on tech, marketing and development. Find out more at


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