![]() ![]() ![]() Pay later checkouts allow the consumer to spread the cost of an item over a number of weeks. Spreading the cost of an item over four payments often reduces the stress for consumers during expensive periods of the year such as Christmas. The ability to pay off an item is attractive for many consumers who wish to purchase an item and pay it off as they receive their next paychecks. These are four equal payments although the benefit of ‘Pay in 4’ is you can pay off the total amount sooner if you have the finances available.īuy Now Pay Later solutions are seeing many faze out their credit cards. When speaking about PayPal’s ‘Pay in 4’, as the name suggests, customers will need to make four payments to conclude the amount owing. Pay later providers supply their customers an interest-free solution to pay off the total for goods or services over a set period of time. PayPal is not the first platform to offer customers the option to ‘Buy Now and Pay Later’ and they are more than likely not going to be the last. What is a ‘Buy Now Pay Later’ Transaction? The Simple Way to Purchase What You Want When You Want, Followed By Making Four Equal Payments Over 6 Weeks. In this article, we will delve deeper into what ‘Pay in 4’ is, why it may benefit your eCommerce business, how the consumer completes a buy now pay later transaction and we will see how it adds up against other leading BNPL platforms. ‘Pay in 4’ allows the customer to pay off an item interest-free, while the merchant still receives the total cost of the item or service upfront. Similar to many of the other pay later platforms such as ZipPay, Sezzle, Quadpay, LayBuy, and Latitude Pay ‘Pay in 4’ allows customers to purchase a product or service and pay it off over a number of weeks. ![]() It is no surprise after the success of Afterpay the leading company in the ‘ Buy Now, Pay Later‘ battle, that PayPal has followed suit with their very own version known as ‘ Pay in 4‘. ![]()
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