![]() ![]() Creator Country/RegionĦ.5% + $0.30 per transaction, with no other additional feesĦ.5% + €0.25 cents per transaction, with no other additional feesĦ.5% + £0.20 per transaction, with no other additional feesĪffirm supports partial or full refunds for up to 120 days after the original purchase.Īfter Thinkific Payments initiates a refund, Affirm pauses the customer’s payment plan and refunds the customer for any payments they’ve already made, minus any interest paid. It is not available for subscriptions or payment plans. Transaction Fees BNPL providers can only be used as a payment method for one-time payments. (5,000 USD+ for financing possible maximum varies by customer) US-based creators cannot accept Klarna payments from non-US customersġ0 USD minimum or local equivalent. If a charge is >$17.5k, the customer pays for the difference immediately as the down paymentĪustralia, Canada, France, New Zealand, Spain, United Kingdom, United Statesġ USD minimum 2,000 USD maximum or local equivalentĪustria, Belgium, Canada, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Netherlands, Norway, Slovenia, Spain, Sweden, United Kingdom, United States ProviderĤ interest-free payments in fortnightly or monthly installmentsįor loans, 17,500 USD maximum. During the checkout process, Learners will be presented with only those BNPL providers that are available in their country of residence. Thinkific Payments processed Buy Now Pay Later (BNPL) services from Affirm, Afterpay, Clearpay, and Klarna. When a learner purchases using a BNPL provider, you will receive the full transaction amount in your bank account via Thinkific Payments, just like credit card transactions. You will be able to see which BNPL provider a learner used to purchase your product through the Orders Table or Transactions Table. When they choose a BNPL provider, they will be directed to the BNPL provider's website to create an account using their mobile number or email address before completing the purchase. Learners will see the option to complete their purchase with interest-free installments with a BNPL provider during checkout. Once you have set up your account with Thinkific Payments, you will gain instant access to the suite of features that TCommerce has to offer - including Buy Now, Pay Later payment options. Mina Irfan, Founder, The Universe Guru How BNPL Works I feel my students are grateful that I’m supporting them by being more inclusive with additional payment options.” “Something I didn’t expect is that, by offering Buy Now, Pay Later payment methods to my audience, my students actually feel more seen and heard. Let your audience know via mass user email.Tell your audience about it on your social channels.Add a banner to your website that tells learners you now offer BNPL payment methods.Here are 3 easy ways you can promote BNPL to attract new learners, increase sales, and enhance the overall learner experience ![]() This can free up capital that can be invested in marketing, advertising, or staffing, rather than being tied up in outstanding account receivables. With BNPL, you receive the payment right away, while Learners have the option to pay over time. Offering payment plans through a BNPL provider can reduce the need for additional staff to follow up on failed payments, as the provider handles payment collection and processing. Stronger buying power for your audienceīy giving your learners the ability to pay in installments, you’re giving them additional buying power, and you’ll see an increase in purchases from customers who could not have otherwise bought from you.Thinkific transactions made with BNPL have an average order value of more than three times higher than transactions made with cards because learners have access to a convenient form of credit, which can lead to more sales. Providing BNPL as a payment option to your Learners offer you: *in Thinkific Payment-supported countries Thinkific transactions made with BNPL have an average order value more than three times higher than transactions made with cards! So while there is a higher fee on BNPL transactions (learn more below), you'll see an increase in conversions and sales from a brand new audience with new buying power made possible with BNPL.Ībout This Feature Creators on TCommerce: Powered by Thinkific Payments* can leverage Buy Now, Pay Later payment methods. ![]() By giving your learners the ability to pay in instalments-at no risk to you-you’ll see an increase in purchases from customers who could not have otherwise bought from you. Buy Now, Pay Later (BNPL) providers offer flexible and interest-free payment options to your learners, making your offering more affordable, lowering the barrier for them to purchase. ![]()
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