Buy Now Pay Later (BNPL)
Enhance your customers' experience with our Buy Now Pay Later (BNPL) service. BNPL allows your customers to make purchases immediately (Buy Now) and pay for them in installments (Pay Later).
This flexible payment option not only boosts sales but also increases customer satisfaction and loyalty.
How It Works:
Seamless Integration: Integrate our verification, scoring and payment APIs into your e-commerce platforms effortlessly. With these integrated, you can offer BNPL as a payment option at checkout.
Instant Approval: Our scoring APIs processes customer information in real-time, providing instant approval or denial for BNPL requests. However, it is up to you to configure this to be an instant approval or a manual process. Either way, this quick process enhances your customer's experience.
Flexible Payment Plans: Customize payment plans to fit your business model. Whether it's daily, weekly, or monthly installments, our API supports a variety of schedules to meet the diverse needs of your customers.
With our APIs you are able to efficiently manage your BNPL business leading to an increase in sales, reduction of Non-Performing Loans (NPL) and improvement in customer satisfaction.
You can read this article for more insight into how our APIs can enable BNPL on your platform: https://blog.lendsqr.com/how-to-use-lendsqrs-api-to-build-rent-now-pay-later/
Last updated