Splitit - Buy Now, Pay Later: The Merchant's Guide To BNPL's Revenue Boost - November 2022 - Discover how merchants and customers can benefit from using buy now, pay later (BNPL) services

Retailers Say BNPL Boosts Sales, Consumers Say It Keeps Them Coming Back 

The Merchant’s Guide To BNPL’s Revenue Boost

More than half of luxury and specialty store shoppers are very likely to switch merchants if they don’t offer BNPL. In “Buy Now, Pay Later Tracker®,” a collaboration with Splitit, Boundless CEO Xiao Wang tells PYMNTS why offering BNPL can benefit the business that implements it just as much as it benefits its customers.

Inside the November Tracker

  • An interview with Xiao Wang, co-founder and CEO of immigration services startup Boundless, about how BNPL helps the companies that implement it
  • Forty-six percent of department store shoppers say they would switch to another retailer if it meant being able to leverage BNPL payment options
  • While merchants benefit from higher conversation rates, some obstacles may be a disincentive for some shoppers

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