Bill Me Later Payment Increases Average Order Value
If you are looking to increase your average order value in your store, then providing alternative payments, like for example, “Bill Me Later“, can help. A recent study from Orvis.com showed a positive impact of using “Bill Me Later” on average order value. While credit card customers’ average order value is around $150, Bill Me Later customers’ AOV is $175. And customers who opt for Bill Me Later’s 90 day same-as-cash option, spend $400.
This scheme is only available for U.S. stores. Bill Me Later is offering this service for small and large merchants.
To become a Bill Me Later merchant, you need the following:
- 12 months previous financial data as it relates to your B2C and B2B ecommerce websites, call centers and brick and mortar stores. This includes annual volumes and average order values.
- Chargeback and return rates
- Technical information such as bankcard processor, 3rd party gateways, and ecommerce sales platform provider
- Affiliate provider information (If Applicable)
- Knowledge if your company is the merchant of record
Questions or comments?
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