Tip 105: Offer flexible payment options

Tip 105

To ensure customer capability to buy, offering flexible payment options is a good way to enhance user experience. When customers have an option to pay over time, it provides them a way to get the product or service they need while being able to have more time to pay it completely. This option can give more customers an opportunity to be a buyer. Many major retailers now offer a way to buy now, pay later. This subscription like concept delivers great convenience of giving more customers a viable chance to afford higher ticket items. Hopefully having this flexible payment option will allow more to think buy now instead of saving it for later and keeping in a cart for a future purchase.

The business will also be able to benefit with this as they will receive a 1st installment of payment immediately and then periodically receive the rest of the balance over time. Customers are more likely to repeat business knowing that this payment option is available. It ultimately fits their budget needs while being able to make quality purchases. If your business is able to function under this model, it should consider integrating this type of payment option asap. Having this in place gives a competitive advantage as the business has more attractive list of payment options for the customer to consider. Explore this option as see if this can work for your operation.


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