Wednesday, February 13, 2019

5 reasons why installment payment is good for online shops

https://dreams.pk/product-category/mobile-on-installment-in-pakistan/
Mobile on installment in Pakistan

There are times when we do not want to make a full payment for the product, especially when it's high. If your store has an option that allows the customer to pay a deposit and the rest in any premium, you will have an opportunity to motivate the customer to buy.

Another way to see this is to consider them as subscriptions. You can sell a product at the lowest cost and receive the remaining payment at frequent intervals, for example, for 6 months.

The collective idea is to have a deposit / prepayment and let the customer pay the rest later. Partial payment lets you do the same thing. A little more. Gain customer loyalty by offering flexible options for premiums. So there are five reasons why a partial payment option is right for the Joomla eCommerce online store.

Easy to pay and shopping experience
From a customer's point of view, splitting the batch on parts is always useful. They can go to buy without having to think about paying a lump sum. The customer has a smooth shopping experience. One of the biggest concerns during any purchase is the cost of the product. When you view the installment option, interest in cost is significantly reduced. The customer stays happy throughout the shopping period.

Increase conversion rate
Converting potential customers to actual customers is not as simple as it seems. Anything trivial like a clean user interface can be the main reason for a good conversion rate. Similarly, anything trivial like page layout can be caused by bad conversion rate. Premiums in your online payment options can help you get more conversions as customers are easy to buy.

The client stays in touch
A very important aspect to consider in premium payment is that it allows the customer to stay in touch with you. After you purchase your first payment or initial deposit, the customer still has to make payments to you and remember you. Take advantage of this and make sure to remind the client not only to pay but also to experience a nice purchase.

Attract budget to buyers
Buyers usually look for three things:

best price
Good quality
Large products within budget
While the first and second types depend on the product and the market, the third vendor can be controlled. Paying in installments is all about attracting budget buyers. For example, let's think of a person named Bob who wants to buy a $ 700 smart TV. If his average monthly expenditure is about $ 1,000, he will not spend $ 700 on a single commodity. Automatically checks for the installment option that they can afford for a few months. Attract this budget to your site by providing payment in installments regardless of whether you sell expensive products or not. The essence is that you attract buyers when you divide the amount due.

More sales
The installment payment option allows you to create more sales. Simply put, more buyers in the budget = more sales. There are a lot of buyers like Bob who want to buy expensive products in installments, although full ownership may take some time. This is the barter that they are willing to do. For example, the Micro Payments application for allows our customers to enable premiums in their store. Based on customer feedback, the app helped them achieve relatively more sales.

Partial Payments
With the partial payment plug-in, your customers can choose payment plans, using the varying percentages and periods created by you. Some basic features of the app to look at:

Place a deposit
Make scheduled payments from the order history page
Intuitive pull flow
Support for all payment methods (more than 70 portal provided)
Premiums / Payment Plans
Full payment option
Automatic payment reminder
Customize emails to remind
Create a partial payment command from the backend. For example, phone call commands.
Ask yourself, "Do I want to have my online shop more convenient for customers?". If your answer is "yes", as it should be, you need a partial payment experience. Let yourself know how important your payment elasticity is. you know what? Let's also know!
There are times when we do not want to make a full payment for the product, especially when it's high. If your store has an option that allows the customer to pay a deposit and the rest in any premium, you will have an opportunity to motivate the customer to buy.

Another way to see this is to consider them as subscriptions. You can sell a product at the lowest cost and receive the remaining payment at frequent intervals, for example, for 6 months.

The collective idea is to have a deposit / prepayment and let the customer pay the rest later. Partial payment lets you do the same thing. A little more. Gain customer loyalty by offering flexible options for premiums. So there are five reasons why a partial payment option is right for the Joomla eCommerce online store.

Easy to pay and shopping experience
From a customer's point of view, splitting the batch on parts is always useful. They can go to buy without having to think about paying a lump sum. The customer has a smooth shopping experience. One of the biggest concerns during any purchase is the cost of the product. When you view the installment option, interest in cost is significantly reduced. The customer stays happy throughout the shopping period.

Increase conversion rate
Converting potential customers to actual customers is not as simple as it seems. Anything trivial like a clean user interface can be the main reason for a good conversion rate. Similarly, anything trivial like page layout can be caused by bad conversion rate. Premiums in your online payment options can help you get more conversions as customers are easy to buy.

The client stays in touch
A very important aspect to consider in premium payment is that it allows the customer to stay in touch with you. After you purchase your first payment or initial deposit, the customer still has to make payments to you and remember you. Take advantage of this and make sure to remind the client not only to pay but also to experience a nice purchase.

Attract budget to buyers
Buyers usually look for three things:

best price
Good quality
Large products within budget

While the first and second types depend on the product and the market, the third vendor can be controlled. Paying in installments is all about attracting budget buyers. For example, let's think of a person named Bob who wants to buy a $ 700 smart TV. If his average monthly expenditure is about $ 1,000, he will not spend $ 700 on a single commodity. Automatically checks for the installment option that they can afford for a few months. Attract this budget to your site by providing payment in installments regardless of whether you sell expensive products or not. The essence is that you attract buyers when you divide the amount due.

More sales
The installment payment option allows you to create more sales. Simply put, more buyers in the budget = more sales. There are a lot of buyers like Bob who want to buy expensive products in installments, although full ownership may take some time. This is the barter that they are willing to do.

Partial Payments
With the partial payment plug-in, your customers can choose payment plans, using the varying percentages and periods created by you. Some basic features of the app to look at:

Place a deposit
Make scheduled payments from the order history page
Intuitive pull flow
Support for all payment methods (more than 70 portal provided )
Premiums / Payment Plans
Full payment option
Automatic payment reminder
Customize emails to remind
Create a partial payment command from the backend.
For More detail mobile on installment in Pakistan

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