Magento Bill Me Later by Paypal
Boost your sales by 20% when you offer financing with Bill Me Later from PayPal1
Guarantee a boost in sales by adding financing to your store. A recent PayPal study involving 118 online merchants revealed that those who added Bill Me Later promotional financing banners had a 20% lift in overall sales1 – overall sales, not just PayPal sales. A Forrester Research study also showed the following:
- 5.7% – Offering financing options has resulted in a 5.7% sales lift over a three year period3 mainly due to:
- 43% of all Bill Me Later sales were incremental – they wouldn’t have occurred without financing3.
- 75% higher AOV for Bill Me Later orders (as compared to non-financed orders) – so customers aren’t just buying more often, they are making larger purchases too3.
How it works for your customer:
It couldn’t be simpler for your customers to take advantage of financing.
Once their purchases are completed the customer will receive an email from PayPal with instructions on how to login to their PayPal account where they can manage and view their statements.
*Special price only available for Merchants with PayPal modules already configured. For more information regarding adding PayPal to your Magento eCommerce site please visit Hara Partners PayPal for Magento Set-up Package. For more on this topic: Bill Me Later – Hara Partners Blog
1Based on a comparable year-over-year online sales of 118 merchants who used Bill Me Later promotional financing banners starting in Oct’12 (PayPal study, 11/12-12/12)
2Billl Me Later is subject to consumer credit approval, as determined by the lender, WebBank, Salt Lake City, Utah.
3Forrester Research, Total Economic Impact (TEI) of PayPal Express Checkout for Web and Mobile, 2012.
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