Once very popular with companies doing distance selling (vad) through catalogs and printed matter. Split payment is now essential for the growth of online stores. Although we know the uses of Internet users vis-à-vis this means of payment. It is normal for e-merchants to ask questions. Often. These questions are based on the concrete benefits. The operation and the potential risks associated with the adoption of payment in installments. This is why we went to meet two merchants who have adopted the BNPL in their best e-commerce practices. And who share their feedback on this popular payment method. How does an installment payment solution work for merchants.
On the merchant side
The important thing is to ensure the commission percentages that will be applied per transaction depending. On the payment solution and the monthly payments (from 2x to 10x) that will be offered on the online sales site within the limit of a fixed Mexico Email List payment limit. €0.35 transaction fees (for France), depending on your contract with the bank selected for the payment method and the organization that will secure the credit. However, the advantage is on the trader’s side because he can see his average basket increased without assuming the credit risk on the part of the customer, since the latter directly obtains the entire sum of the product sold and leaves the third-party organization collect monthly payments and manage contracts.
Feedback from two merchants
On split payment La Maison de l’Astronomie is a shop specializing in telescopes and other essential tools for observing the sky. The first store opened in 1900 and the brand DX Leads launched online in 2004, positioning itself as the first online store in the sector. Didier Favre, president of the company since 2013, worked on setting up the guaranteed split payment and saw results that were far beyond his expectations. The payment solution in 3 or 4 instalments (PayPlug) allowed the company to align itself with the competition, which already offered split payment at checkout. In just one year, the online store has gone from 870,000 to 1.3 million euros in e-commerce turnover.
