Scalapay is an innovative payment method which allows a customer to defer a payment through three interest-free instalments. The buy now pay later service is available in over five thousand physical stores and in the e-stores of more than three thousand brands.
The cost of the service is totally free for the customer and is financed by a commission applied to retailers who are immediately paid for their product.
Scalapays’ service has seen a 48% increase in the average order value, an increase in cart conversion, and a decrease in its abandonment rate. Over a period of three months, 65% of platform users return to the store or e-commerce they purchased from using Scalapay.
A PayFac is a company that simplifies the payment process for sub-merchants by providing a unified platform. They act as a middleman between the sub-merchant and the acquiring #bank and handle all the necessary compliance and underwriting processes.
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