Shopping is everyone’s favourite pass-time activity. But flashing cash or credit card every time you make a purchase is a big headache. For shoppers like you, there is one simple way to go shopping - pay later. The new financial model ensures a hassle-free shopping experience with seamless credit at your disposal, what more, it comes with a guarantee to shop at the most reputed e-commerce sites. It is a convenient way to buy products, pay bills, and more both online and offline, and pay later at no additional cost. With the new model in place, you will never miss out on an amazing deal as you will be never short on credit.
What is a Pay Later Finance?
We all are accustomed to our old model of clearing bills with our neighbourhood Kirana store, where we pay bills after a month, the same trust is now official. Here, several financial companies have launched apps were for the convenience of their customers, they have improvised a new pay dealing system. In this system, you can go shopping, or clear utility bills, order food, and more, at credit and can pay the amount in a 15-day cycle without additional cost or can apply for easy instalments (weakly or monthly depending on the lender) at competitive rates.
Through the buy now pay later system, you do not have to fetch money or furnish a credit card and wait for the ordeal of OTP every time. It is much more convenient, simple, and quick way. Moreover, the pay later apps have partnered with various e-commerce websites/apps to give an extra discount to loyal customers. That said, just because your wallet is light at the end of the month doesn't mean you can't shop.
How Does Shop Now Pay Later Work?
The virtual credit card can be assessed easily using your mobile, registered with the financial company. The digital financial platform can be used by following the simple steps given below:
Step 1: First you sign up with a particular digital platform using your registered mobile number.
Step 2: For the KYC verification process, submit the required documents (Aadhar card, Utility bills)
Step 3: Your credit limit is activated for all purposes.
Step 4: Browse partner websites for shopping.
Step 5: After shopping select the repayment plan, whether one-time payment or EMI suits you.
Step 6: Once your repayment plans are approved, you get the vouchers to pay for goods. Happy Shopping.
What are the Benefits of Using a New Payment Method?
The new financial method of repayment is transparent, smooth and reliable for customers. It eases the financial complexities of customers. Some of the benefits of the method are:
- It is completely digital-based.
- It is a quick, safe, and secure mode of business transaction
- It requires minimal documentation. Just with Aadhar, PAN and photos, one can avail of the credit facility from the lender.
- Shop at will and clear the bills as per convenience, either in one payment within a 15-day cycle or select instalments.
- Partnered websites/apps offer discounts to loyal customers.
Summary With pay later apps, you get a complete range of products from different e-commerce sites and numerous merchant stores. The easy availability of credit to shop now and pay later enables you to go shopping even during lean phases like month-end.
Download the LazyPay app, get your credit limit and enjoy making those purchases like you never have !!!
