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Magento Bill Me Later – Turn Browsers Into Buyers

magento bill me later

Magento Bill Me Later is a PayPal service that gives your customers quick access to financing—at no credit risk to you.

As a PayPal merchant, your customers may already have access to Bill Me Later financing, but they may not know it.

By promoting Bill Me Later on your site with payPal-hosted banners, you’ll remind customers that they have more buying power while they’re shopping.

Advantages of Magento Bill Me Later

  • Boost sales and increase average orders.

    • Up to 43% of Bill me Later sales are incremental, and you can increase average order sizes by up to 75% or more.

  • You get paid right away. Your customers get 6 months financing.

    • Payments show up in your PayPal account within minutes, regardless of when your customers pay.

  • No additional costs for Bill Me Later

    • You won’t get charged extra for Bill Me Later. You’ll only pay PayPal’s standard transaction fee.

  • Encourage larger purchases

    • PayPal’s hosted banners tell your customers about their extra buying power before checkout. More buying power can motivate them to make larger purchases at your store.

  • Turn first-time customers into repeat customers

    • Unlike other short-term discounts, Bill Me Later financing is available on eligible purchases whenever customers pay with PayPal. Your US consumers can keep coming back to spend more.

  • Gain a competitive edge

    • Does your competition offer financing? Giving your customers financing means you can become their store of choice. Everyone likes flexibility.

  • It’s all taken care of for you

    • You don’t have to worry about credit risk, handling customer billing or payment collection.

    More on PayPal Bill Me Later

    Bill Me Later is a PayPal service that allows customers to buy an item and pay for it at a later time. Usage of the Bill Me Later service is subject to credit approval, which is done at signup.

    PayPal claims that the service is a faster method to get through checkout and is accepted by thousands of online stores. PayPal also offers perks like free shipping to those that sign up. You will need a PayPal account and a social security number in order to be considered eligible for the service.

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