Rudy Ribardière’s Post

The shift towards Buy Now, Pay Later is more than a trend -- it's a movement. PYMNTS shows 3-in-5 shoppers prefer spreading their costs over time, with 78% of merchants eager to expand these options. Zip remains at the forefront, innovating to meet this surge in demand across a variety of key verticals to ensure our consumers have the best brands available to them. We're working to make shopping as seamless as possible while ensuring financial wellness remains a top priority. If you're not offering your customers a BNPL option, you're missing out! Join us in embracing the future of consumer finance at https://lnkd.in/g27yR_bs. #Zip #BuyNowPayLater #FintechNews

🛍️ Split-payment or installment plans such as buy now, pay later (#BNPL) enable consumers to spread the costs of purchases over multiple installments. 📈 And consumers appear to prefer these options. Data reveals that in the 12 months before being surveyed, about 3 in 5 shoppers opted for installment plans when shopping. https://zurl.co/zgLa

Inflation’s got shoppers counting every penny, but here’s a stat worth every dollar: 50% of adults used Buy Now, Pay Later (BNPL) in 2024, marking a whopping 36% increase from 2023. And it’s not just a millennial thing anymore. Gen Z is fully onboard, with 7 out of 10 opting for BNPL at some point. The reason? It’s a budget-friendly way to make purchases without feeling the pinch. But here’s the twist — while younger shoppers are flexing this option, many retailers still hesitate to embrace it. (Hint: Don’t be that retailer.) How to join the BNPL trend: >> Activate Shop Pay Installments in your online store. This feature lets customers split their payments into manageable, interest-free chunks. And as a result: fewer abandoned carts and happier customers who keep coming back. Ready to remove barriers to sales and meet your shoppers where their budgets are? The time to act is now! 💡 Stats: https://lnkd.in/dKBxW52A

Pay later providers and merchants take note- shoppers who know about pay later options before checkout not only buy more, but are also more likely to choose your store over a competitor. To learn more about how to leverage pay later plans to drive spend this holiday season, read the full report here: https://lnkd.in/gQSzefkZ

Offering Buy Now, Pay Later (BNPL) options is no longer just a convenience—it’s becoming a necessity for retail businesses looking to thrive in today’s competitive market. 💳✨ With 76% of shoppers deciding on financing options before checkout and millions valuing the ability to spread expenses, BNPL is reshaping how consumers shop. 🛍️ Retailers who embrace this trend will not only boost sales but also attract loyal customers who prioritize flexibility and convenience. Let’s talk about how BNPL can transform your business this holiday season and beyond! 📈🎄 #RetailGrowth #BNPL #CustomerExperience #InnovationInRetail #FinTech”

According to our recent survey, 15% of UK consumers surveyed will use Buy Now, Pay Later (BNPL) this Christmas, aligning with a growing trend towards online shopping where digital and flexible payment options are more readily accessible. Get more insights into our 2024 UK holiday shopping trends 👉 https://bit.ly/3OgQpn3

https://lnkd.in/g6V9S8Xq #retail #stores #DTC #ecommerce #cpg #payments #buynowpaylater #installmentplans #consumertrends #holidays #holidayshopping #Walmart #Target #ThredUp #NeimanMarcus #PotteryBarn #Peloton #BestBuy Affirm Afterpay Klarna A recent survey by Splitit and PYMNTS notes 49% of parents are using buy-now-pay-later (BNPL) options for expensive purchases for the upcoming holiday season. BNPL payment plans are not a new option, but one way in which consumers can manage budgets and spread big-ticket/expensive purchases over an extended time period and take advantage of low/no interest rate offerings. Earlier this year in April, Walmart's majority-owned fintech startup One began offering BNPL loans for big-ticket purchases. Many retailers have released BNPL options, beyond Walmart. A few of the retailers also offering BNPL - Target, ThredUp, NeimanMarcus, PotteryBarn, Peloton, BestBuy.

Maximize Your Holiday Sales with “Pay Later” Options 🎁 1️⃣ The Opportunity: 🎅 60 million shoppers are influenced by “pay later” plans. 🔑 Early visibility drives bigger sales and builds customer trust. 2️⃣ Why It Matters: 💳 Spread payments and manage expenses easily. 🎯 48% of shoppers value budget-friendly options for big purchases. 3️⃣ Key Trends: 🔮 76% decide to use “pay later” before purchasing. 👨👩👧👦 Parents and 🎶 Millennials are the top users! 4️⃣ Merchant Benefits: 🛒 Larger baskets. 🆕 New customers. 🔄 Increased loyalty. 5️⃣ Pro Tip: ✨ Show “pay later” options early in the shopping journey! 🎉 Offer deals or rewards to stand out! 🔗 #PayLater 💸 #HolidayShopping 🎄 #IncreaseSales 📈 #FinancingOptions 💳 #ShopSmart 🤝 #RetailSuccess 🛍️ #BNPL 🕒 #CustomerFirst ✨ #Ecommerce 💻

Online Shopping is Hitting New Highs Thanks to Buy Now, Pay Later I'm not sure if this is a good thing or a big red flag. - Despite high inflation and interest rates, U.S. online spending rose to $331.6 billion in early 2024, fueled by new demand. - Buy Now, Pay Later (BNPL) usage surged, driving $25.9 billion in spending; expected to reach $84.8 billion in 2024. - BNPL's growing popularity among low-income earners masks economic strain, with significant credit card debt and delinquency increases. The US consumer is a monster, but are we just building the next financial bubble? #ecommerce #BNPL https://lnkd.in/d_xV7jXE

Our latest Splitit and PYMNTS first party research, "The Use of Card-linked Installment Plans in Holiday Shopping," reveals a strong preference for pay-later options this holiday season. Card-linked installments lead as the top choice—favored for ease of use and no extra loan applications—creating a substantial opportunity for merchants. Highlights: Consumers Want Information Upfront: 89% prefer to know about pay-later options while shopping or at checkout. Strong Interest in using Pay-Later: Over 50% of all shoppers are highly likely or interested in using pay-later plans this holiday season. Budgeting Tool for Parents & Millennials: Over 50% plan to incorporate pay-later options into their shopping plans. Increased Spending Potential: 1 in 4 would buy more or choose higher-priced items if pay-later was an option during the purchase journey. Influence on Merchant Selection: 43% of new pay later users base merchant selection on pay-later availability. These insights emphasize the critical role that card-linked pay later programs can play in supporting holiday spending and acquiring new customers. With consumers prioritizing flexible payment options, this is a prime opportunity for merchants to meet growing demand. Read the Special Report: https://lnkd.in/eG5GzhX8 #HolidayShopping #PayLater #ConsumerInsights #Splitit #CardLinked