Integration of the Month: AfterPay
The way people earn and spend money is being reimagined every day by technology. Merchants have to keep up with these constant improvements or risk losing their customers to their competitors. Shoppers want flexibility in how they pay for their purchases, and they tend to choose the brands where they can find more options than basic payment methods.
Erply is built for integrations and provides many payment methods that you can integrate with Erply POS. This month, we are going to talk about one of our most popular payment integration; AfterPay.
Afterpay is a free-to-use payment method for consumers that allows them to pay for their purchase later in four equal fortnightly instalments, interest-free. The flexible payment method of Afterpay helps you to increase your basket size and repeat purchase rates. Zero fraud or credit risk helps you to focus on your sales without any concern.
How to Integrate AfterPay with Erply
Erply POS customers can integrate with AfterPay and accept it both online and instore. Easy integration process saves you time and Erply support team is there to help you 24/7. Get in touch with Erply Australia sales team and get your own pricing plan today!
How to Use in Store as a Store Owner
Afterpay shows up in the POS as a Payment type in the payment window. The button can be set under “Afterpay Plugin” settings in the back office. When the payment is completed, it is saved as a card payment with “Afterpay” listed as the card type.
The Afterpay payment window allows a user to initiate an invite, suspend the sale and pay. After payment, the document is saved without returning to the main payment plan window.
Returning items that have been paid for with AfterPay is also very easy with Erply POS. The “Afterpay return” option under functions allows you to search sales documents by document number, and cross-franchise returns can also easily be done.
Why You Should Integrate AfterPay with Erply POS
There are many benefits of accepting AfterPay in both your online and brick-and-mortar stores. AfterPay is one of the most popular payment methods in the region, and their internal and external research shown that customers view this payment method as an important budgeting tool as it promotes “responsible spending” for consumers.
While you provide a flexible payment plan to your customers, AfterPay makes your payment upfront and eliminates any kind of waiting time for the merchants.
Grow Your Revenue
Alternative payment methods allow your customers to spend more than they usually do. Being able to pay later with AfterPay, consumers can budget their shopping better and simply make higher purchases. While spending more per transaction, they also transform into repeat customers and engage with your brand. Repeat customers increase your revenue sustainably and grow your customer base by creating brand awareness and reaching new audiences.
The increasing popularity of alternative payment methods also gives retailers who provide them with a more popular image. Accepting very well known payment options in your store creates a sense of “high trust” the perception of “better quality”. Consumers will prefer businesses that accept their favourite payment method over the others.
Drive Foot Traffic to Your Stores
Accepting AfterPay with Erply POS is an important method of providing your customers with a better experience. As retailers, we already know that a satisfied customer will most likely come back and also refer new customers.
The payment methods presented at the checkout can impact how the customer feels about the purchase experience and becomes a critical actor in their fırst impression of your brand. Check out is an important step in your customer’s journey, where they can make a decision about your brand: whether they would solicit your business again or not.
Increase Your Online Sales
One of the biggest problems that online merchants facing today is shopping cart abandonment. When a customer comes to the checkout page, they might change their decision due to high costs, long process of completing the purchase, and/or safety concerns at the checkout.
The flexible payment method of AfterPay helps retailers to boost conversion and generate additional sales. Offered a trusted payment method and quick checkout process, more visitors will trust your online store and complete their purchase.
Provide a Safe Payment Method to Your Customers
When it comes to payment methods, security is one of the biggest concerns a consumer has, and their personal data should be protected. But how can you make sure that the payment method you provide to your customers is safe?
PCI DSS is a comprehensive set of requirements created by the Payment Card Industry Security Standards Council to enhance cardholder data security and to ensure the safe handling and storage of sensitive credit card information and data. Afterpay is a PCI DSS Level 1 certified compliant Service Provider organisation and guarantees that your customers’ personal data is always safe and secure. On the other hand, AfterPay assumes all end-customer non-payment risk for every single transaction and secures the revenue of the merchants.
How it Works
Afterpay divides the payment into 4 equal fortnightly installments. On the day of purchase, your customer pays only 25% of the total amount. They will then pay three equal installments each fortnight with their final payment being deducted 6 weeks after purchase.
Contact Erply Australia’s sales team and learn more about how to integrate AfterPay with Erply POS.