Buy Now, Pay Later! Boon or Bane?

Are you looking for investors for your start up project? Are you planning on pitching new sales project to the leadership of your corporate? Are you thinking of including Buy now, pay later options, but are confused right now?

You need not to worry as we have sorted this out for you. Here we shall discuss the applications of buy now pay later and how good or bad it is.

Buy Now, Pay later is essentially the future of financing and all the service based companies. If you are looking to pitch this to your investors, buy now pay later will make your job easy.

Buy now pay later essentially means that customer will buy the product or avail the services now and will pay for it later in due month. This is very similar to the working of credit cards and loans. The only difference lies that there is no interest when paying the bills which is the brownie point.

As good as buy now pay later is, it hooks the customer and sometimes they make purchases big enough that they are not able to bill at the end of payment cycle. From a company and firms’ point of view, it is a classic win!

Some applications and payment gateways allows you to make the payment in instalments at 0 percent interest which is added bonus.

Is Buy now pay later boon or bane?

From a business point of view, the process is very beneficial. As per the recent trends and data, the sales and profits sky rocketed of certain companies who launched the process of buy now, pay later.

It lures the customer in. It is very beneficial for the end days of the month when salary is almost on the verge of extinct and customers need to buy something. This process gives them liberty and flexibility in paying their bills.

It is very good process for salaried class people and students working part time on weekly allowances.

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