Buy Now, Pay Later (BNPL)

Empower your e-commerce business clients to access credit and lending providers like banks to venture into the e-commerce lending space with our Buy Now, Pay Later (BNPL) solution. This product offers automated onboarding and loan decisioning, allowing customers to make purchases immediately and pay over time.

Status: Coming in Q3/2024

How It Works

  • Step 1: Pre-qualification

Clients see the financing option directly on the product page if they are pre-eligible, allowing them to consider their payment options early in the shopping process.

  • Step 2: Approve repayment plan

Clients choose a repayment plan that suits their financial situation, with options ranging from weekly to monthly installments up to one year.

  • Step 3: Quick onboarding

Quick automated onboarding process to sign a financing agreement, required only once for the first time a client uses the service.

  • Step 4: Automated financing

Investors participating in the Bankable Funding Exchange will purchase these transactions using automated trading bots that align purchase financing with investor strategies.

  • Step 5: Instant transfers

E-commerce businesses receive the payment within 24 hours of the purchase, ensuring they are not impacted by the deferred payment terms.

  • Step 6: Flexible repayments

Clients repay in agreed instalments, maintaining flexibility in their financial planning.

Benefits

  • Fast Payment to E-commerce: E-commerce businesses are paid within 24 hours, ensuring their cash flow remains uninterrupted.
  • Single Sign-On Financing: Clients sign the financing contract only once, and the BNPL option remains available for future purchases up to their credit limit.
  • Dynamic Credit Assessment: Credit limits are dynamically adjusted based on recent financial data obtained through open banking and accounting integrations, rather than relying on outdated financial statements.
  • Integrated Financing Solutions: Combine BNPL with invoice receivable financing to offer comprehensive payment solutions that include pay-by-invoice options with flexible terms.
  • Transparent Pricing: Clients can review and approve transparent pricing details before committing to financing, ensuring full understanding and acceptance of the terms.
  • Flexible Repayment Adjustments: Clients can adjust their repayment plans as their financial circumstances change, with options for early repayment to save on interest costs.

Demo Videos

E-commerce BNPL B2B

Explore how the BNPL solution is tailored for B2B e-commerce environments, demonstrating the ease of integration and the benefits for both sellers and buyers.

API Diagram

This diagram provides a visual overview of how the BNPL solution integrates with e-commerce platforms and the Bankable Funding Exchange, illustrating the seamless flow of data and transactions.

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