PreProduct

Buy Now Pay Later (BNPL)

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This system enables merchants to offer flexible installment payment options directly within their e-commerce checkout process, allowing customers to choose payment plans that suit their budgets while the merchant receives payments gradually as installments are paid. Key features include customizable payment schedules, seamless integration with Shopify Payments without third-party providers, automatic collection of recurring payments, and enhanced transparency for both merchants and buyers; it addresses challenges such as cash flow management, reducing reliance on traditional buy-now-pay-later lenders, and minimizing additional fees, making it ideal for high-volume online retailers seeking secure, straightforward installment solutions that protect customer credit scores and improve sales conversion.

PreProduct can be found in Buy Now Pay Later (BNPL) categories.

The most similar products to PreProduct are:

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PreProduct Main Features

• No Extra Fees
  There are no extra costs like BNPL provider fees; you only pay Shopify’s standard transaction fee plus the app plan fee.
• Safe Card Storage
  Shopify safely stores your customers' card data, so you do not have to handle or store sensitive information.
• Automatic Payments
  Customers' installment payments are automatically collected and go directly into your Shopify payout.
• Avoid Fees of BNPL
  You do not pay extra fees typical of buy-now-pay-later services, saving you money.
• Clear Transparency
  You can see all payment details clearly, making it easy to manage installment plans.
• Custom Payment Options
  You can set minimum and maximum limits for payments, and customers can pick the payment plan that works best for them.
• Flexible Payment Plans
  You can set your own rules for payments, like how much deposit and how many installments, and customers can choose their payment schedule.
• In-House Payment System
  The service uses Shopify Payments, so you get paid as the installments are made without needing a third-party provider.
• Suitable for Shopify Plus
  This feature is only available for Shopify Plus stores and not for all Shopify users.
• Order Hold Until Fully Paid
  Orders are kept on hold until the customer pays in full, so you only ship after you get the money.
• No Impact on Customer Credit
  Using this plan does not affect your customers’ credit scores, unlike traditional BNPL options.
• Real-Time Payment Collection
  You get paid as each installment is collected, not after the full purchase amount is paid.

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