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Payment Solution is one of the crucial elements that need to be looked into, while setting up an online business venture, in order to carry out transactions between online retailers and their customers. This can in the form of an online or offline payment methods, but it all depends on the type of business and which payment methods are suited to them. In order to decide on which
Magento Extensions are ideally suited to your business, you need Buy Now Pay Later to understand the varied options available to you.
When it comes to payment solutions, it is more common to use an Online Payment Gateway, such as PayPal. At times, the business requirements may be such that you may need a custom coded payment method. You will need to think of programmatic product order creation process that might need some specifically labeled payment method.
Magento Buy Now Pay Later Payment Extension
This extension is a new alternative payment solution that can be integrated with Building Magento eCommerce Store and lets shoppers buy from your online shop without using a credit card. Here, the customers simply put their purchases on the extension tab and making it easy for them to buy now and pay later. The only thing they need to do is enter their email and password in order to complete their purchase in one step.
Benefits of Buy Now Pay Later Extension
The Magento Buy Now Pay Later Payment Extension triggers incremental revenues for your online business by:
- Attracting new customers who are hesitant to use credit cards online.
- Helps to enhance conversions by offering customers yet another payment option.
- Streamlining the entire checkout process to one-step.
In addition, the Magento Order Management Module offers the facility for admin to create orders on behalf of the customers while taking orders over the phone. Also, this module enables administrators to login as Customer in the front end on behalf of customer and create orders in the site. The administrator can then make orders by making use of any offline payments. Once the payments are realized, then the orders can be processed.
The module also enables the administrator to update orders that are already made to give discounts to customers. This will create a discount voucher and update the order and send new invoice and email notifications to the concerned customers. Moreover, the Admin can edit the ordered products using the order edit feature in Back end.
Conclusion
Offering customers an efficient payment gateway is one of the crucial aspects that need to be looked into by store owners, prior to setting up an online business venture to carry out payment transactions between merchants and their customers. The Magneto Buy Now Pay Later Payment Extension is an alternative payment solution that can be integrated to your Magento Shopping Cart and enable your shoppers buy from your online shop without using a credit card. This Magento extension allows customers to simply put their purchases on the extension tab thus making it easy for them to buy now and pay later.
