Buy Now Pay Later

The big advantage of buy now, pay later (BNPL) payment methods is that they can increase your revenue. This is especially true if you sell products where customers order several items at once and then decide at home what to keep. BNPL is also useful if your target audience prefers not to pay for products or services all at once or right away. That way, a purchase is postponed instead of abandoned.  

As these payment methods grow in popularity, several well-known BNPL providers recently drew up a code of conduct. To better protect consumers and businesses, displaying a disclaimer will soon be mandatory. The disclaimer states that consumers under 18 may not use BNPL services. Consumers must also be informed that fees will be charged if a repayment is made late. Finally, merchants are not allowed to pass on the costs of BNPL services to their customers. 

We are updating the Buckaroo plug-ins for Riverty and Billink so the disclaimer becomes available. The disclaimer will appear on your payment page below the terms and conditions. You can see an example for WooCommerce below. All you need to do is update the plug-in as soon as the update is available. The platform you use will notify you when the update is ready. Click "run update" and the changes are applied. No action is needed for other BNPL payment methods. 

If you have questions about adding this disclaimer, you can always contact our support team at wecare@buckaroo.nl or +31 30 711 5000.

Offering pay-later methods such as Riverty, Billink and In3 means you don't depend on the consumer actually paying. When the order is completed, the BNPL provider runs a real-time risk check to determine whether the consumer can pay the order amount later. Once the payment request is accepted, your online store is guaranteed to receive the order amount. In addition, all BNPL providers take on the full risk of late payment (and even non-payment). 

Several pay-later methods are available through Buckaroo. Here are three popular options: 

Riverty is one of the most popular ways for consumers in the Netherlands to buy now and pay later. Buckaroo is a Riverty partner and reseller. The benefit of this partnership is that you can start offering pay-later options faster. Onboarding, support and communication all go directly through Buckaroo. Offering this payment method can lead to higher conversion rates, since customers can order without paying right away.  

With In3, customers pay in three installments at 0% interest and without registration with the Dutch credit bureau (BKR). This payment method is a great fit for larger purchases such as electronics, furniture, or a bicycle or scooter. Offering installment payments with In3 increases your online store's conversion rate by 15% and your average order value by 72%. As an online store owner, you don't have to finance anything and you get a 100% payment guarantee. 

Billink is a pay-later method that lets customers in the Netherlands and Belgium pay only for what they keep. It can be used by both consumers and business customers. When customers choose Billink at checkout, they receive an invoice that must be paid within 14 days.  The advantage of Billink is that you can go live quickly thanks to Buckaroo's direct integration with Billink. Billink also has a high acceptance rate, so most pay-later requests are approved (after the credit check).  

Read more about Billink  

Want to know which payment methods are the best fit for your online store? Feel free to contact our customer care team. 

Phone
+31 30 711 5010

Email
sales@buckaroo.nl