Paypal Pay Later - Buy Now and Pay in 90 Days.
How about offering your Ebay buyers the option of “Buy Now and Pay in 90 Days”?
Would this help your sales?……. According to a study conducted by Northstar Research Partners commissioned by PayPal, 56 percent of PayPal users are more likely to purchase from a retail site if a PayPal deferred payment option is available.
Well as of now you can, as long as you are selling on Ebay.com (I presume it will get rolled out to Ebay.co.uk et al later as all initiatives tend to). The service, automatically integrated into the Ebay checkout process, will allow the seller to offer flexible buying options to the buyer even if the buyer doesn’t have a Paypal account. The Paypal Pay Later service can be used on purchases between $50 and $1,500 (at the moment)
Just because the buyer doesn’t pay for 90 days doesn’t affect the seller as they get paid immediately…
Could this set you apart from the rest of the sellers in your niche?
What about using it as a tool to drive additional sales to put the purchase price into the price bracket to qualify for the 90 day payments? Add on sales heaven :o)
Thoughts??
June 4th, 2008 at 1:58 am
I think its a well meant option but with the credit problems that plague this country as it is, paying later is just another bad thing to get into (for a person in debt of course).
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Mike reply on June 4, 2008 10:16 am:
Yeah, this could prove to be a major drawback and could simply be to much of a temptation for some.
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