Increase profit by 20% and average check by 25% — by accepting payments in installments LIFE PAY

BNPL (Buy-Now-Pay-Later) is a functionality that allows you to divide the payment into several equal parts, an alternative to the classic installment plan. A real find for small and medium-sized businesses, a popular global trend that any entrepreneur can now easily use in their business.

The service offers to split the check into four payments:The buyer pays the first part of the amount immediately, the rest is automatically debited every two weeks, without additional interest and overpayments. Two days before the debit, the service notifies the buyer that the money will be withdrawn from the card. If desired, you can pay off the balance of the debt ahead of schedule at any time

Entrepreneurs do not need to change equipment, just install the LIFE POS application on couriers' smartphones or LIFE POS software on terminals — and you can start working. You don't have to pay for it: the functionality is available even on the free Basic plan.

The installment payment service is beneficial for businesses: it allows you to increase the number of purchases by 25% and the average bill by 20% — the lower cost of the first payment will make it easier for customers to decide on a purchase.

And here are the main advantages of the installment payment service :

— No waiting for the «right moment».

You can say as many selling words as you want, talk about the benefits of the product and convince the client to make a purchase. But all this is in vain if the buyer does not have enough money. The LIFE PAY installment service helps turn potential buyers into real ones. Now your customers can afford everything at once, and pay later and in installments.

— No interest or overpayments.

BNPL is not a loan or an installment plan. LIFE PAY is not a bank. Therefore, the client will not pay interest for the payment split service and maintenance. By the way, the entrepreneur receives the entire amount at once, and the client pays with the partner service. Neither you nor the client lose anything.

— No documents.

You do not have to collect additional documents for bank checks, look for guarantors and wait for the approval of a credit history. The client needs to go through a quick registration in the application, which can be downloaded in all stores and markets. Full name, phone number, DR and card number. Done

— No card needed.

To make the first payment, you only need an application installed on the buyer's smartphone. And the LIFE POS program on the equipment of the cashier or courier.

— Strictly on schedule.

No blocking of funds or sudden charges. 2 days before the next payment, the service reminds the buyer that money will be withdrawn from the card. And if there is a desire, then you can pay off the balance of the debt ahead of schedule. At any time and without commissions.

— No problems with returns.

The buyer can always return the unsuitable product or refuse the service. The money will be returned to the card.

Offer your customers the possibilities of a BNPL service. It's simple and inexpensive. You just need to install the LIFE POS program on your equipment. It will take 3 days and costs from 0 rubles.

Expand your opportunities and attract more customers by connecting LIFE POS to your store.