Top Benefits of Partial Payment in Ecommerce [2021]

[MeetanshiInc]

Partial payment is referred to the fraction of the invoice that is paid at the time of the purchase.

If your potential customer may not have the purchasing power right now, you may offer the “buy now, pay later” facility with installments that is a win-win situation for your business and the customer.

Online stores have started adopting the installment payment feature to leverage the benefits of partial payment in Ecommerce.



Advantages of using Partial Payment in E-commerce:

Benefits of Partial payment for Customers:

• The best option for budget buyers
• Encourages customers to buy valuable products

Benefits of Partial Payments for Business:

• Increases sales and generates more revenue
• Helps in building better relations with your clients
• Increased customer base
• Improves brand loyalty
• Competitive advantage

For more information, visit https://meetanshi.com/blog/benefits-...n-ecommerce-2/

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