Buy Now Pay Later (BNPL)
Buy now, pay later is a type of short-term financing that allows consumers to make purchases and pay for them at a future date. BNPL is generally structured like an installment plan money lending process that involves consumers, financiers, and merchants.
Small Businesses receive full payment upfront.
The Financier (Stripe) floats a loan to the Consumer who pays the Financier back in predefined installments.
This only works in the eCommerce Store right now and will be coming to Order Forms in Funnels and Websites soon.
Only supported with the Stripe payment processor.
This is on by default and no way to turn it off.
- Business users are now able to offer Buy Now Pay Later payment methods, namely Affirm, Klarna, and AfterPay to customers
- This is available only for businesses using Stripe as a payment provider
- This helps in increasing conversions on online stores by offering payment flexibility to end customers
- All order and transaction details will be registered under the Payments menu as for a credit card payment. This includes the functioning of the existing Order Submitted and Payment received triggers as well
