There have never been so many options for making payments online as there are now. It has never been more critical to ensure that you provide your customers with their chosen option such as ‘Shop Now, Pay Later’.
For some, a long-trusted Visa or Mastercard may suffice and on the other hand, Apple Pay, PayPal, or another digital wallet may be preferred by others. With the digital advancement the newly introduced checkout process of ‘Shop Now, Pay Later’ is taking all the hype.
Before looking at who all are offering the service, let’s get a better understanding of how this checkout process works.
Defining ‘Buy Now, Pay Later’.
Pay Later,” often known as “Shop Now, Pay Later,” is a point-of-sale finance option. Customers that use a Pay Later service can choose a financing plan and pay in installments rather than paying the complete cost upfront.
Financial technology (or “fintech”) has exploded in popularity in recent years, with the goal of alleviating the problems associated with finance, such as complexity and credit cards with excessive fees and APRs.
How does ‘buy now, pay later’ work?
Customers can choose to obtain their product right away but pay for it in full after a 30-day period or in smaller installments over time when they check out.
They usually pay in three or four equal payments, which are deducted from their credit card. In either case, customers will not be charged any further fees or interest if they pay on time.
Shop from TOB Wholesale with no interest policy:
Requirement for opting for ‘Klarna’.
Divide your purchase into four equal installments to spread the cost over a longer period of time. Enter your preferred credit or debit card for automatic payments every two weeks starting after your order is confirmed (usually the shipping date). When you pay on time, there is no interest or additional costs!
Klarna is only available to clients who live in the United States.
Only TOBWholesale purchases are eligible for Klarna, and the order amount must be between $1 and $1000. If you do not meet the after mentioned payment requirements for Klarna, you may use one of the alternative payment methods offered on our website.
How to ‘Sezzle’ for your order?
Split your online purchase into four interest-free payments spread out over six weeks with no effect on your credit score.
Shop and add items to your cart as normal!
Choose Sezzle at Checkout! You’ll be redirected to Sezzle to Sign Up or Log In to complete your order.
Your order will be shipped out right away* and your payments will be split up over 6 weeks.
Avail advanced check-out and payment option you get to shop easily from TOBWholesale without any additional interest on the installments.