Quivers, the leading commerce platform for specialty brands and retailers, today announced the addition of Quivers Pay Later — the in-demand Buy Now, Pay Later (BNPL) solution that gives consumers the option to pay for online orders in manageable interest-free installments.
The popularity of Buy Now, Pay Later services is clear to see, with over 50% of consumers using one in the last six months. Of those who haven’t paid via a BNPL service recently, 39% are likely to do so in the next six months.
While demand is evident, the details of what consumers are looking for haven’t been so clear until now. Significantly, 61% of BNPL users say they’d rather use a service directly offered on a website than go through a third party. Quivers Pay Later provides the perfect solution for specialty brands, allowing them to offer payment in four interest-free installments over a six-week time period, without pushing consumers off-site or risking third-party competitive marketing.
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“Quivers Pay Later helps consumers to simplify purchases and specialty brands to boost profits and ROI,” said Ruben Martin, CEO of Quivers. “From distributed fulfillment solutions to in-demand payment options, we never stop upgrading our sophisticated D2C (direct-to-consumer) toolkit to help our partners reach their full commerce potential.”
Quivers Pay Later enables brands to:
- Benefit from a payment option that can result in conversions rising by 20-30% and average order value increasing by 30-50%.
- Instantly launch a BNPL option in an online store powered by Quivers HoverCart.
- Receive guaranteed full order value while giving consumers the flexibility of paying in four interest-free installments.
- Evade the third-party competitive marketing that is associated with traditional BNPL providers.
- Stay in total control of payment processes via Quivers HoverCart and the Admin Panel.
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