Make purchases in-store and, when paying at the cash desk, decide to spread the expense into several installments directly from the POS of the merchant, in completely digital mode, through a simple and intuitive graphic interface for both the point of sale and the consumer. From today it is possible thanks to the partnership signed between I connected e Compass which will see the integration of PagoLightCompass’ Buy Now Pay Later solution, inside the SmartPOS di Nexi.
Here’s how you can pay your POS purchases in installments
In particular, the agreement allows merchants to expand the types of payment in favor of their customers with the introduction of non-onerous deferrals, without interest and without additional costs for customers, directly from the collection device and without the need to equip of additional terminals.
Thanks to the opportunities offered by Buy Now Pay Latermerchants will be able to increase the average receipt and the number of transactions, as well as building loyalty in the relationship with their customers who will instead enjoy substantial simplification in accessing payment deferral solutions, without any additional costs.
The data collected by Compass on consumption styles
According to data collected by Compass during the Periodic observatories on consumption stylesthe customer’s propensity to use Buy Now Pay Later increases with the increase in the spending amount, but not only that: in the presence of deferral formulas the consumer is well prepared to increase the budget available to him.
In the case of travel, for example, 42% would be willing to opt for more expensive services or to extend their holidays (50%). This solution is also considered useful for retailers to support and increase the average shopping cart: in the furniture sector for example, 19% of retailers already offer this solution or are activating it.
How the payment in installments of purchases from POS works
The service has been designed to guarantee a simple and intuitive user experience, thanks to the interface I have connected to SmartPOS which allows you to manage the entire process in a totally digital way: from the collection of information and the few necessary documents, identification document and payment card or IBAN code, up to the evaluation of the request in real time, possible thanks to the distinctive expertise of Compass in credit assessment.