What Makes ‘Buy Now, Pay Later’ a Simple, Secure and Easy-to-Use Payment Scheme?

Have you ever come across a situation wherein you might have desperately wanted to purchase something, but were not able to buy due to shortage of funds? If yes, you don’t have to go through the same situation anymore if you are shopping online, thanks to the accessibility to ‘Buy now, pay later’ payment option offered on many major ecommerce portals.

There are many online shopping sites that offer online store credit options like ePayLater, which makes it simple for shoppers to buy things online.  What does such a payment option mean for the online shoppers?

‘Buy now, pay later’ is a payment option that is offered by many online shopping portals to enable users shop for whatever they desire online without having to be concerned about the ready availability of funds. They can make multiple purchases from different sites online and choose this option while checking out. They will get a one-time password (OTP) for authenticating the transaction after which their order placement gets completed without any hassle. They can make the payment at a later date that is set by the specific provider. What is it that makes ‘Buy now, Pay later’ a simple, secure and easy-to-use payment scheme? Read on to find out.

No Need to Pay Bill Amount Upfront

This is one of the most important aspects that make ‘Buy now, pay later’ an absolutely easy-to-use payment option. Who wouldn’t love the simplicity that such a payment option offers? You don’t have to worry even if your wallet is empty during the month end. Shop online to your heart’s content and pay back within the set credit term. Most leading ‘Shop now, pay later’ payment options like ePayLater give a credit term of 14 days to repay.

Simple Registration Process

Are you registering for the first time on a platform like ePayLater? You are sure to be impressed by the simple procedure, which hardly takes 5-10 minutes of your time. Once you fill in the registration form and submit, the decision is also given immediately, which further adds to the wow factor. On the contrary, the registration process of other credit options like credit card registration is quite complicated and lengthy.

Easy to Checkout

Have you completed the registration process? All that you need to do now is shop online from a portal that offers this kind of payment option and while checking out choose the appropriate payment method. Once you select the provider that gives the option of ‘Buy now, pay later’, you will get a one-time password (OTP). Enter this code and voila, you would be through with the transaction successfully. Placing your orders and checking out is as simple as that. You don’t have to slog through lengthy payment gateway processes anymore.

Secure Payment Option

Security is the main concern of almost all online shoppers when they opt to make payment online using net banking, credit card or debit card through payment gateways. But, when you opt for ‘Buy now, pay later’, you need not be worried about this aspect as it is completely secure. This is because you don’t have to sign in to your bank account or give any credit card or debit card details. As a result, there’s no chance of hacking or phishing of sensitive account details.

Talking about the popularity that this payment method has gained and the reasons that justify it, Akshat Saxena, the co-founder of ePayLater says – “The option of making payments subsequently gives increased customer satisfaction. This offers ‘peace of mind’ for users as this method is perceived as safer. Providing flexibility with the option of paying later is beneficial for both etailers and consumers, and it is crucial for this payment method to be integrated as a standard option for payment.”

True to his words, ‘Buy now, pay later’ offers a lot more benefits than just being secure, simple, and easy to use. Considering all these, it certainly should be included as a standard option on all online shopping portals so that online shoppers can make the most out of online shop credit. Enjoy shopping online, thanks to such fabulous options.

News Reporter

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