Conversions and web traffic are among the key focuses in the eCommerce platform. Getting customers or clients through the web browsing to your products cart page and securely making them input their credit card CVV number for the purposes of payment can be a long process, but that is the primary goal of every online store. It is even more challenging to purchase expensive furniture or electronics compared to products such as soccer balls or coffee mugs.
With the emergence of ‘Buy Now Pay Later’ loan companies such as Affirm and many others, things have been made easy for eCommerce platforms with higher-priced products. The loan companies have come up with a better option for consumers who have considered purchases stretching beyond their budget. Instead of the customers getting their credit cards charged the total cost of the product, customers can spread the payment between 3 to 32 months. Therefore, your customers will not be required to make full payment during the purchase but in installments.
Affirm is popular in the eCommerce industry because of the following two distinct reasons:
- Affirm settles the entire price of the customer’s shopping cart during checkout after the customer’s loan is approved. Therefore, your business will not have to wait for the cash flow because the bill is only cleared when everything has been ascertained.
- Affirm has also led to an increase in revenue for the eCommerce stores. Affirm also increases the conversion rates and reduces abandoned carts because customers can checkout despite the higher prices.
NetSuite Affirm Solution
Affirm has various Content Management Systems (CMSs) which loan processors can integrate. However, you might have to partner with them and use their preferred payment processor. This can be challenging when you already have a payment processor, which is ideal for Your Business. In most cases, clients would like to add Affirm during the last stage, which is the checkout stage, because of the already existing payment processor on the online store.
Suppose you want to take full advantage of Affirm but still keep the payment processor you integrated into your online store, then worry no more because SCG has a better solution for you. With our expertise in eCommerce and as Oracle | NetSuite Solution Provider, we have developed an independent Affirm integration gateway. What does this mean for your web store? This means that you can take full advantage of the Affirm payment option whether you have subscribed to the Affirm payment processing partner, Solupay, or not. As a result, we have done our analytics and come to the conclusion that many clients have managed to increase sales and conversions because customers have been offered choices.
Conclusion
Taking Your Business to the next step can only come to reality if you have the right expertise to deliver outstanding solutions. At Seibert Consulting Group, we specialize in delivering modern solutions to businesses that aim at taking full advantage of the eCommerce platform. We always customize our solutions to align with Your Business requirements and goals. Let’s start talking about your project and find out how we can help your business grow. Get in touch with us via our chatbot or email hello@seibertconsulting.com and via our direct line at 760-205-5440.
