![]() ![]() Mina Irfan, Founder, The Universe Guru How BNPL Works I feel my students are grateful that I’m supporting them by being more inclusive with additional payment options.” “Something I didn’t expect is that, by offering Buy Now, Pay Later payment methods to my audience, my students actually feel more seen and heard. ![]() Let your audience know via mass user email.Tell your audience about it on your social channels.Add a banner to your website that tells learners you now offer BNPL payment methods.Here are 3 easy ways you can promote BNPL to attract new learners, increase sales, and enhance the overall learner experience This can free up capital that can be invested in marketing, advertising, or staffing, rather than being tied up in outstanding account receivables. With BNPL, you receive the payment right away, while Learners have the option to pay over time. Offering payment plans through a BNPL provider can reduce the need for additional staff to follow up on failed payments, as the provider handles payment collection and processing. Stronger buying power for your audienceīy giving your learners the ability to pay in installments, you’re giving them additional buying power, and you’ll see an increase in purchases from customers who could not have otherwise bought from you.Thinkific transactions made with BNPL have an average order value of more than three times higher than transactions made with cards because learners have access to a convenient form of credit, which can lead to more sales. ![]() Providing BNPL as a payment option to your Learners offer you: *in Thinkific Payment-supported countries Thinkific transactions made with BNPL have an average order value more than three times higher than transactions made with cards! So while there is a higher fee on BNPL transactions (learn more below), you'll see an increase in conversions and sales from a brand new audience with new buying power made possible with BNPL.Ībout This Feature Creators on TCommerce: Powered by Thinkific Payments* can leverage Buy Now, Pay Later payment methods. By giving your learners the ability to pay in instalments-at no risk to you-you’ll see an increase in purchases from customers who could not have otherwise bought from you. It's also worth thinking about how you can save the money in advance to avoid using buy now, pay later.Buy Now, Pay Later (BNPL) providers offer flexible and interest-free payment options to your learners, making your offering more affordable, lowering the barrier for them to purchase.
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