Imagine scrolling through your favourite online clothing store, it’s raining outside with the occasional crack of thunder, and you have your eyes on a jersey that will keep you warmer than wool. Unfortunately, you’re halfway through the month, and your bank account isn’t as weighty as it was a couple of weeks ago. So you will have to wait until payday.
But it’s on sale.
And there’s only one jersey left in stock.
If only you could get it now and pay later. What if we told you that you that you could? Buy Now, Pay Later is quickly becoming one of the hottest online shopping trends – with over 360 million users worldwide. A number that is set to double over the next 5 years. But before you hop on the bandwagon, read this article where we outline what Buy Now, Pay Later is and why we think it’s one of the best payment gateways out there.
What is Buy Now, Pay Later?
Buy Now, Pay Later (BNPL) is an online payment gateway that allows you to make purchases for products and only worry about paying for them down the line. These future payments are paid off in scheduled, segmented instalments.
But what makes it different from credit?
Well, that’s where the magic lies. Buy Now, Pay Later is completely interest-free, allowing you to pay back only what the product costed in the first place. It’s a gift that keeps on giving.
Where Options Do You Have For Using Pay Later?
There are plenty of companies offering a pay later payment method, like Payfast, Yoco and Zapper. All of these, however, do come with their catches, whether they’re fees or other forms of charges.
With that said, there’s only one truly free payment plan in South Africa and that’s Payflex!
How Does Payflex Buy Now, Pay Later Work?
Our platform is straightforward and convenient to use. All you need to do is head over to our website and visit the store directory. Here you will see heaps of amazing products from popular brands that we are partners with.
After finding the product that catches your eye, head to the checkout and select Payflex as your secure payment method. If you don’t have an account, you can instantly create one through a completely digital process and then go on to complete your purchase.
Become a Flexible Saver
We often put things that could make us happy on the sidelines so we can afford to pay rent, groceries, exorbitant fuel prices, and much more. It’s called saving, and it’s an essential and sacrificial part of our lives. But, like most things, more efficient ways must be considered.
We believe that Buy Now, Pay Later can be the most incredible tool for savvy saving. For finding the middle ground between holding onto hard-earned money and enjoying the luxuries that life presents to us.
If you would like to learn more about Buy Now, Pay later and dive deeper into Payflex, have a look at how you can become a retail warrior.