Shoplazza Payments: Buy Now Pay Later (BNPL) overview

Buy Now, Pay Later (BNPL) is a flexible payment method that enables customers to defer payments while merchants receive the full amount upfront. Customers settle their dues with the BNPL provider in installments, usually without extra fees.

Types of BNPL payments

• Single payment: Customers pay in full after they receive and verify the product.
• Installments: Customers make an initial payment at the time of purchase, followed by the remainder in three or four installments, typically without any fees.

BNPL providers supported by Shoplazza payments

Shoplazza Payments integrates several BNPL services, including:

• Klarna
• Afterpay
• Affirm

These services are available in the following regions and currencies:

Activating BNPL

Activating the Buy Now, Pay Later option with Shoplazza Payments is straightforward, typically requiring 3-4 business days without the need for additional documentation:

1. Navigate to payment settings: From your Shoplazza admin, go to Settings > Payment, and click Manage in the Shoplazza Payments section.

2. Enable BNPL: On the Shoplazza Payments page, locate the Buy Now Pay Later section and select the option to activate it.

Disputes and fees

Like credit card transactions, BNPL payments can lead to disputes. The fees for managing these disputes vary by region:

• USA: $15 USD per dispute.
• Canada: $15 CAD per dispute.
• Hong Kong: $120 HKD per dispute.

This guide provides comprehensive details for merchants aiming to implement BNPL options through Shoplazza Payments, covering how to activate the service and manage potential disputes effectively.