Offering Flexible Alternative Payment Methods Can Boost Back-To-Varsity Sales

Retailers offering students alternative ways to pay for university supplies such as textbooks, stationery, tech and more, can help take the sting out of back-to-varsity buying this year.

Budget-friendly instalment payment methods such as MoreTyme (TymeBank’s Buy-Now-Pay-Later solution) and SwitchPay’s in-store finance, can help break large and even smaller purchases into easier-to-manage portions for your customers, easing the financial burden and stress that comes with the cost of education. Customers who use these flexible payment methods are also more likely to purchase higher-cost items, such as computers and furniture.

By offering these risk-free ways to pay over time, retailers can increase revenue, basket size and broaden their own customer bases.

It’s a win-win for all.

Innervation’s payment platform caters for all the different payment methods that your customers require. Through a single POS integration, merchants can offer their customers a range of alternative and mobile payment options from multiple payment providers.

Keen to future-proof your business? Contact today!