What is Bill Me Later?
Bill Me Later is an alternative payment method that was recently bought by eBay. Bill Me Later lets customers checkout without using their credit card and instead receive a bill in the mail. With Bill Me Later, customers can choose to complete payment for purchases of $ 250 or more over a 90-day period. By allowing online shoppers to manage their finances through a billing system, e-tailers can entice more people to buy the products they want, without sacrificing practicality and convenience.
Bill Me Later Helps You:
- Boost Conversion Rates: Customers are more apt to make a big purchase when they can spread out payment over a period of time. With Bill Me Later, merchants acquire new customers who love this convenient, flexible payment alternative.
- Boost Average Order Values: Watch your average order values drastically increase. Customers are willing to buy more products at one time when they can spread out payments with Bill Me Later.
- Seamlessly integrated BML into Your Payment System: ShopVisible has created the technology to seamlessly integrate Bill Me Later into your existing payment system.
Bill Me Later Helps Your Customers:
- Quick and Convenient: With Bill Me Later, checkout is fast and easy. Customers click on the BML button, provide their date of birth and enter the last four digits of their social security number, accept the terms of purchase and checkout is complete!
- Easy to Manage Payments: Customers can elect to pay for purchases of over $250 over a 90-day period. Customers can control payments to better suit their financial needs.
Secure Checkout:
Customers can prevent credit card number theft online because Bill Me Later does not ask for credit card information.
How it works from the customer perspective:
1. When customers are ready to checkout, they can click on the Bill Me Later button above that will take him to the following screen:
2. For new users to BML, the segment in red will be shown (asking for DOB and last 4 digits of the SSN). After they use BML the first time and a BML account is created for them, this information is not longer required.
3. When the order is succesfully submitted to Bill Me Later, the “thank you” email and page will provide the customer with information about the BML transaction.
4. In the ShopVisible site manager, the merchant can view all orders purchased through Bill Me Later
5. The Order History Page will show both the credits, voids or capture transactions for each order.
Contact us now so we can give you a
full demonstration!