Financial headwinds brought on by inflation and decrease purchaser spending energy can hinder your small business development. In at this time’s aggressive commerce panorama, customers have gotten extra selective about their spending habits. Retailers can scale back buy obstacles and entice a wider buyer case with versatile purchase now, pay later choices.
As we speak, Store Pay Installments is introducing a premium bundle to native purchase now, pay later (BNPL) resolution. Enhance gross sales with longer phrases and extra interest-free fee choices at checkout.
What’s the Store Pay Installments premium bundle?
Store Pay Installments premium bundle is a financing plan that allows retailers to supply interest-free funds for as much as 12 months and month-to-month installments with curiosity for as much as 24 months on orders between $50 and $17,500.*
Provide long term lengths
By offering phrases as much as 24 months, retailers can entice extra buyers who might not have been in a position to afford the complete buy worth in a single fee. Let prospects pay over time by splitting their purchases into smaller, extra reasonably priced installments—and you continue to receives a commission upfront.
Give certified patrons interest-free funds
Entice financially-savvy patrons with interest-free month-to-month funds for as much as 12 months.* Enhance gross sales and delight your prospects with extra fee flexibility at checkout. There aren’t any hidden or late charges for patrons.
Supercharge your prospects’ shopping for energy
Some prospects might hesitate to make a purchase order as a consequence of perceived excessive costs. Maximize your prospects’ shopping for energy and make your merchandise extra accessible with Store Pay Installments. This could overcome worth objections and encourage prospects to finish their buy—lowering cart abandonment by as much as 28%.
Enhance order worth on high-ticket purchases
Premium packages are perfect for retailers promoting high-ticket gadgets throughout varied industries, together with house furnishing, home equipment, luxurious gadgets, electronics, vogue attire, magnificence, and extra.
As cart sizes attain $300 or extra, your prospects will usually discover longer phrases and interest-free funds extra interesting. As an alternative of counting on promotional methods, you possibly can entice extra prospects and make your merchandise extra accessible with these premium financing choices.
Throughout our early entry, retailers who upgraded their normal bundle to premium noticed a mean 9.3% enhance in gross sales and a 3.9% enhance in common order worth.** By spreading out their purchases over time, prospects can handle their funds whereas nonetheless shopping for the issues their coronary heart’s want.
Activate Store Pay Installments premium bundle at this time
Enhance gross sales and broaden your buyer base with interest-free funds and longer phrases. Provide your prospects extra time to pay for the issues they love by Store Pay Installments.
Store Pay Installments is at present out there in america to eligible retailers utilizing Shopify Funds. It is the one purchase now, pay later resolution totally built-in into Shopify—with no redirects and no overselling.
In case you’re not providing Store Pay Installments, activate it at this time to supply your prospects extra fee flexibility:
In case you’re not but on Shopify Funds, activate it at this time to start out benefiting from our full Funds stack.
*Some retailers might solely be eligible to supply prospects as much as 6 months of interest-free month-to-month installments.
**The pattern dimension consisted of 281 retailers utilizing Store Pay Installments with various monetary packages. Particular person outcomes might differ. A rise is just not assured.
Charges from 0-36% APR. For instance, a consumer’s $800 buy may cost $66.67/mo over 12 months at 0% APR. Fee choices by Store Pay Installments are topic to eligibility and are offered by Affirm’s lending companions: affirm.com/lenders. Choices rely in your buy quantity, and a down fee could also be required. Extra choices could also be out there upon approval. State notices to customers: affirm.com/licenses.
