Sell in Installments and Increase Loyal Customers
Installments: Consumers Buy Now, Pay Later
Installment payments are taking the retail world by storm. They allow millions of people to access products they couldn't afford before.
You Embrace Favorable Business Growth Trends:
Remove Barriers
Sticker shock is a situation where a potential customer decides not to place an order after discovering that the price of a product or service is higher than their expectations. Research by the Baymard Institute shows that inflated prices and additional delivery costs were the most common reasons for people abandoning their online shopping carts. Offering the option to 'buy in installments' reduces this behavior pattern, making the purchase less emotionally 'scary'.
Increase Average Order Value
Fixed regular installments not only yield good transaction results but also increase the amount that consumers will spend on each subsequent visit to the store.
Make the Customer Brand Loyalty
If you want customers to come back to you, incorporate the option to pay in installments into your POS system. Installments without a bank are an additional service that improves the perception of the purchase.
Get More CR
Allow store visitors to get what they need at any time, even when they don't have enough money to make the purchase. No complicated document fees or long waits for POS credit approval. The customer can choose their own payment schedule and a suitable application period. This way, making purchases becomes easier.
Track the results
Real-time reports and performance monitoring panels provide a complete picture of touchpoints with your brand. Dashboards, charts, and tables visualize the information obtained so that you can visually see the success of your employees' work.
Still have questions?
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