We’ve all been in that situation. You are shopping on your favorite online store, you spot this beautiful outfit, the best gadget, or home improvement, and you place it in your cart. However, there is a checkout page. If you see the total amount of money all in one block, it may cause you to pause for a moment. Here is that old dilemma of desiring something special versus sticking to a budget.
So what if both were available? This is where the power of pay in 3 kicks in. It’s an easy, low-stress way to purchase your favorite products today without blowing your budget. If you’ve never heard of this, you’re not alone.
We’ll discuss how this process works and how it’s beneficial for you.
Steps Involved in the Pay in 3 Process
The steps involved are:
Step 1: Discover Your Favorites and Add to Cart
The process starts just as with any other purchase. Shop through the online store of your choice and select those products that you like. It can be a necessity or something you’ve been wanting for months; simply add it to your shopping list.
Step 2: Choose The Smart Way to Pay at Checkout
Once you’re ready, go to the checkout screen. Avoid using a regular credit card or opting for Cash on Delivery; consider the cardless EMI or Buy Now Pay Later (BNPL) alternatives. Choose pay in 3 to make this bill a little easier to manage by splitting it into smaller chunks.
Step 3: See the Simple Breakdown
As soon as you click this button, the transparency starts. This system will automatically split your total bill into 3 equal installments (no interest). In other words, if your total cart value is ₹9,000, then you will have a clear breakdown of the total into three easy payments of ₹3,000. No hidden fees or math tricks will be thrown in your way.
Step 4: Quick Verification Without Paperwork
Traditional loans can make you feel like you’re filling out a dozen mortgage applications. This is another process. No credit card is required. Just one click is required to enter your mobile number and a simple OTP. The digital verification process only takes a few seconds, ensuring a seamless and delightful shopping experience.
Step 5: Make Your First Pocket-Friendly Payment
To guarantee your order, only the first of the 3 parts is paid at this very moment. The first payment can be easily made using UPI by scanning the QR code. After the initial installment is approved, your purchase is complete!
Step 6: Enjoy Your Purchase While Paying The Rest Later
The best part? Your products are dispatched straight away by the brand. You have immediate access to your newly purchased products, and the rest of the payments are comfortably spread out over the next 2 months. It leaves you with enough breathing room in your monthly budget.
Conclusion
With Snapmint Business, your e-commerce brand can tap into the flexible payment ecosystem of over 400 million Indians who want value for money but not traditional credit cards. With a smooth and hassle-free pay in 3 UPI on your checkout page, you get rid of financial friction and can increase your average order value by as much as 30%.
Best of all, your customers get interest-free installments, and Snapmint takes care of 100% of your risk by clearing the entire order to your business account within an expedient two days. Get a free demo of Snapmint Business today to boost your brand’s growth!
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