We say goodbye to Christmas and the January slope arrives. It is at this time that many people think about how they manage their monthly budget. That is why PaynoPain, a Spanish technology company specializing in the development of online payment tools, highlights the role that deferred payments play as an alternative tool.

The Buy now, Pay later (BNPL) or Buy now, pay later is a flexible and comfortable option for customers to face their payments with full guarantees, especially in periods of inflation. Users can enjoy greater economic autonomy and have the ability to make immediate payments with fewer procedures. Does deferring a payment have benefits? Absolutely yes. PaynoPain explains the four main benefits for users who choose this payment method:

1- Flexibility: this financing system allows users to buy and decide practically at the moment if they pay in fixed amounts, generally monthly and without any type of interest.
2- Immediacy: many times when you think about requesting an installment payment, most believe it will entail numerous paperwork and delays. But, in this case, nothing could be further from reality. This process will not last more than 0.2 seconds. Therefore, once the user decides to bet on the BNPL, it is an instant task, giving him complete freedom when making his payments and greatly relieving the pressure.
3- Easy to use: the operation is very simple. The "Buy now, pay later" is a deferral of payments made during electronic commerce. The eCommerce, therefore, can incorporate the BNPL as an additional payment method. In this process, the seller only has to request this service and incorporate it into the checkout process.
4- An ideal solution for SMEs: having this payment method offers a fantastic opportunity for retailers, since it allows them to improve their reputation, increase the conversion rate, simplify onboarding and speed up authentication. In addition, solutions of this type will allow the hotel sector to increase sales and, as a consequence, boost its total billing.
“We are aware of the difficulties that many clients have to face their payments after commitments and Christmas expenses, which are always higher than usual. For this reason, it is important to offer them a flexible and comfortable payment system that allows them to safeguard their economy without having to face interest”, says Jordi Nebot, CEO and Co-founder of PaynoPain. “From PaynoPain we save those procedures and we allow them to face those payments immediately without additional expenses. Integrating these alternatives is of vital importance for e-commerce to build customer loyalty, since it is a format that is gaining followers”, he assures.

Taken from: https://ecommerce-news.es/compra-ahora-paga-despues-estas-son-las-cuatro-ventajas-de-pagar-a-plazos/