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How Does BNPL Benefit Merchants?

The buy now, pay later model is not new, and it is no longer limited to Ecommerce or large corporations. Indeed, private venture and retail store owners are also providing their customers with the option to buy now and pay later.<br>

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How Does BNPL Benefit Merchants?

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  1. How Does BNPL Benefit Merchants? Dealers are not required to wait until the client has paid in full for the item. When a customer uses the BNPL option, the dealer receives the full amount from the BNPL supplier. The client must repay the BNPL supplier in installments. In layman's terms, shippers are not entangled in the repayment that customers must make. The BNPL supplier simply manages the client for the repayment of their portion. Shippers gain access to a web-based interface or application where they can track the status of BNPL transactions. If a client fails to pay on time, they will be charged a loan fee or a penalty charge. If the client fails to pay, they will be barred from contacting the BNPL administration in the future. Furthermore, the trader exchange charge is greater than the client payment. Find out more: https://bit.ly/3JV503F

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