Buy now pay later, for SaaS
BNPL makes business software purchases more accessible and affordable.
What is Buy Now, Pay Later (BNPL)?
Ever bought something online and chosen to pay in instalments? That's Buy Now, Pay Later (BNPL).
BNPL is a financing option that allows customers to make purchases without paying the full amount upfront. Instead, the cost is spread over multiple instalments, making products more accessible and affordable.
What is BNPL for SaaS?
BNPL for SaaS allows software buyers to commit to annual or multi-year contracts while spreading the cost over multiple instalments. This means buyers can take advantage of any discounts vendors offer for upfront payments, while still paying monthly. It's a win-win for both SaaS vendors and buyers.
Why use Buy Now Pay Later
Why use BNPL to pay for software?
For software providers
Incorporating BNPL into the sales process allows SaaS vendors to offer flexible payment options, close more customers, receive payments upfront and lock in annual contracts, reducing churn.
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Financing software purchases enables organisations to spread the cost of their SaaS contracts over multiple instalments. This makes high-quality software more accessible and eases the impact on cash flow.
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