Customers Count On Buy Now Pay Later Appliances Financing Because of these 5 Benefits

Aug 5, 2021

When it comes to online appliances shopping, confident shoppers are on the lookout for exceptional user experiences with reliable retailers that facilitate streamlined and efficient purchasing processes. These smart shoppers value brands that go above and beyond to provide them with exemplary customer support as well as a worry-free shopping journey. These customer needs call for online stores that include innovative checkout technology to encourage sales and drive revenue, a strategy that can be employed with the integration of ChargeAfter’s buy now pay later appliances financing platform. The platform gives consumers access to financing repayment plans from a network of reputable lenders, and this process helps generate success for appliance retailers by providing customers with the following 5 essential benefits.

1. Customers Enjoy Appliances Financing on the Fly

One of the most critical benefits of ChargeAfter’s buy now pay later platform for customers shopping with online appliance stores is the ability to purchase products quickly on the go. The integrated platform plugs into a business eCommerce store and allows shoppers to access consumer financing from the front-end experience during the checkout process. Instead of having to consult with financial service providers or third-party lenders, consumers can complete the application and receive financing within minutes right there on the checkout page. The quicker time to buy also benefits the business as it reflects greater average monthly order volumes come the turn of a financial month.

2. Customers Shop Today and Pay Another Day

Another essential benefit of ChargeAfter’s platform is in its description; buy now pay later. Shoppers can browse your store with confidence knowing that they are capable of purchasing expensive appliances today on the basis that they can pay them off in monthly installments. These personalized monthly installment plans showcase your online store’s ability to tailor packages to suit individual customers, further positioning you as a market leader in your industry. The business benefit for customers having access to same-day consumer financing is that your store receives payments in full and instantly, helping grow your average monthly order volumes. 

3. Customers Can Shop More Frequently

By giving your customers access to consumer financing options, your company can drive for profitable customer lifetime values. Customer lifetime values refer to the total amount of money spent in your shop by a particular customer for the duration of their total time shopping with you. The greater the average customer lifetime value, the greater your long-term sales generation from each shopper. With ChargeAfter, customers can easily shop more frequently and are more inclined to return to shop again. This will improve the customer lifetime values for each of your new and returning shoppers.

4. Customers Can Buy More Expensive Products

Customers may turn away from appliance stores as certain items and products can be very costly, especially when paying back loans with high-interest rates. More often than not, investing customers will continue looking elsewhere to find the most competitive deal on the more expensive products that they wish to purchase. With ChargeAfter’s buy now pay later platform integrated, you can leverage more profitable orders by encouraging consumers to utilize zero-interest repayment solutions. This offering will set your store apart from the competition and inevitably drive up your average monthly order values. 

5. Customers Can Confidently Buy Multiple Orders

Many shoppers only return to an online store to order products once they have received their previous order. With ChargeAfter’s buy now pay later platform, you can encourage more shoppers to place multiple orders with you at once. This is because ChargeAfter’s consumer financing platform connected with an extensive network of lenders, giving customers access to financing from various lenders. Customers can, therefore, have access to multiple lenders facilitating the purchases of each order. The benefit of customers placing multiple orders in a month is in the increase in average monthly order values as a result of the raised rate of purchases.

From giving shoppers the ability to shop more frequently to helping them make more expensive purchases, consumers count on ChargeAfter’s buy now pay later appliances financing because of the incredible benefits that it offers them.

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About the author
Chris Lloyd
“ChargeAfter is amongst our top rung of partnerships, and they enable us to deliver consistent. The conversion uplifts ChargeAfter creates helps drive strong value for DXL Group and our customers.”