Mother’s Day is approaching and it is time you start planning how to make the day special for your mother. While just a day is not enough to appreciate all that our mothers do for us, it is vital to put in that extra effort to May 8th as special as possible. This is one of those important days in a year when the budget should not hold you back. For such occasions, buy now pay later (BNPL) is the most suitable financing option.
What is BNPL?
Buy now pay later (BNPL) is a payment option where customers are equipped with the ability to use purchase and use products or services right away and pay for them later. The payment is broken down into equated monthly installments, making it easier for the customer to pay for the product or service.
Advantages of Using BNPL For Mother’s Day Shopping
- It is a convenient way of shopping since the purchases and payments can both take place online and without the hassle of physical visits.
- Since the customer does not have to pay for products or services right away, it increases the possibility of placing higher-value orders.
- The BNPL deal is available in the form of a gift voucher that can be redeemed across multiple purchases and comes with a validity period of 1 year.
- You can shop across all categories of products and pay for them later with the option of no-cost EMIs.
FAQs
Is there a maximum limit for every merchant?
Yes, there is a maximum limit for every merchant:
Big Basket – Rs. 10,000 (90-day and 180-day plan)
Myntra – Rs. 60,000 (90-day and 180-day plan)
Amazon – Rs .60,000 (90-day and 180-day plan)
Flipkart – Rs. 60,000 (90-day and 180-day plan)
Is the BNPL deal limited to certain categories?
No, there are no restrictions – you can shop across all categories!
Can I repay in EMIs?
Yes, you can. CASHe offers two repayment options for BNPL deals – a 90-day plan and a 180-day plan.
Is buy now pay later a safe system?
Yes, it is. All the transactions are secured via 128-bit SSL encryption. Your data is not shared with any third parties without your consent.
