It’s just that the traditional way before is to cooperate with specific banks and use specific crit cards offline to bind. It is difficult for online stores to provide such services. Why should online stores use BNPL?
In Malaysia, many consumers prefer
Installment payments because it allows them to enjoy the product with less cash and also ruces the guilt of buying high-pric products. Therefore, every time an Apple electronic product is launch, everyone rushes to line up to buy it because they offer a pay now, buy later service, so they don’t have to spend all their savings to use the new product.
Two major BNPL providers in Malaysia
Recently, two BNPL suppliers have enabl online stores to have the function of buy now, pay later, and it is done completely online on the website! This not only ruces the application process for consumers, but also simplifies the steps for merchants to linkedin data handle buy.
Now, pay later orders
The two suppliers are Atome and Hoolah. Let’s take a look at the small features of these two suppliers: Differences between Atome and Hoolah Basically, the services of Atome and Hoolah are not very different. They both allow consumers to complete building a foreign trade brand the payment in three installments, and there is no interest.
As for the merchants
They will pay in full at one time, and they are responsible for discussing and following up with the consumers for the balance, so the merchants can ship quickly without the risk of debt collection. As for how to apply for an account, only merchants who have been screen by them can enjoy their services. The biggest difference is the online store system that can be select for use. Compar with Hoolah, there are only WooCommerce , Shopify, Commerce Cloud tg data Salesforce, PrestaShop and Magento; Atome can also cooperate with other online store systems such as Wix , Opencart and Shoplazza.