Buy Now Pay Later (BNPL) is a payment option that allows customers to purchase items immediately and pay for them in installments. Popular BNPL providers include Affirm, Klarna, and Afterpay. Offering BNPL options can increase sales and improve customer satisfaction by providing flexible payment plans.
NOTE: The BNPL option only works on the Online Store with Stripe at the moment. Besides that, it will only work with debit cards and not credit ones.
- Go to Settings > Product Settings > Payments > Payment Methods in the Stripe Dashboard
- Enable the BNPL providers (Affirm, Klarna, Afterpay) you wish to offer
- Ensure each provider is correctly configured and activated
Note: If these payment methods are not activating, they are not available for your region/business yet. You can check the product support for the methods here
- Go to Payments > Products and add/edit all the products you wish to include in your online store
- In the product configuration, toggle on the “Include in Online Store” setting, as the BNPL option only works with the online store at the moment
- Go to sites > websites
- Create or edit a website and then open the page editor
- Add a new element using the “+” button and click on the “Store” category to create your online store
BNPL options are supported in specific countries. Ensure your business operates in one of these regions to offer these payment methods. You can check the list of countries by checking the documentation provided by Stripe
Each BNPL provider has minimum and maximum transaction amounts. These limits vary by country, so it's important to check the specific limits for your region
ProviderTransaction LimitAffirmUSD 50 - 30,000AfterpayUSD 1 - 4,000KlarnaUSD 10 - 5000 (varies by customer)
Your business category must be correctly set in your payment processor (e.g., Stripe) to be eligible for BNPL options. Certain categories may have restrictions or be ineligible for specific BNPL providers.
Offering BNPL options can lead to higher conversion rates and larger order sizes. Customers are more likely to complete purchases when they have the flexibility to pay over time.
BNPL enhances the shopping experience by giving customers more payment options. This flexibility can lead to increased customer loyalty and repeat business.
Offering BNPL can enhance your sales and customer satisfaction by providing flexible payment options. It’s a valuable addition to any online store looking to improve conversion rates and customer loyalty.
Implementing BNPL is straightforward and can lead to significant benefits for your business. Follow the steps outlined to integrate these payment methods and start seeing the advantages.
