Customers want flexibility

Buy now pay later (BNPL) is one of the biggest trends in e-commerce and it’s growing in the Baltics as well. Offering BNPL payments your customers can pay for their purchases in parts over time. Our BNPL offering includes both the trending slice-type of payments, pay next month solution as well as traditional pay by instalments. Each serves its purpose.

Grow your sales

Allowing your customers to pay in smaller parts encourages them to make bigger purchases. You’re also able to attract potential customers who without BNPL might not make a purchase at all. A widget displayed in the product view gives an example of payment terms making it easy for customers to make purchase decisions.

Mandatory if you sell expensive products

The BNPL payment method will be displayed at the e-store checkout for purchases from 30 € in Estonia, 50 € in Lithuania and 75 € in Latvia. Inbank hire purchase is available for purchases over 75 € in Latvia  and over 100 € in Estonia and Lithuania. The average purchase price paid with BNPL is 150-300 €. If you sell consumer electronics, clothing and fashion, accessories, furniture, leisure goods, children’s goods, car parts, BNPL will play an important role for your e-shop.

Risk free for the merchant

If the customer chooses to pay for the purchase with BNPL, similarly to other paid payments, the merchant will receive the money in full amount immediately to their MakeCommerce account. There is no need to wait for the installments to be received. The process of making returns is also no different. Should the client have any problems with the payment schedule, this will be resolved between the client and the financier.

Available buy now pay later methods

MakeCommerce BNPL options in the Baltics.

Estonia
Inbank pay next month	Pay in full on the 25th of the next month	No fees or interest to consumer
Inbank pay in parts	Pay in three equal parts, so called slice	No fees or interest to consumer
Inbank hire purchase	Traditional hire purchase	Fees and interest apply
Liisi hire purchase (currently not available)	Traditional hire purchase	Fees and interest apply
Latvia
Inbank pay in parts	Pay in three equal parts, so called slice	No fees or interest to consumer
Inbank hire purchase	Traditional hire purchase	Fees and interest apply
Lithuania
Moki 3	Pay in three equal parts, so called slice	No fees or interest to consumer
Mokilizingas	Traditional hire purchase	Fees and interest apply

All BNPL solutions are available through a single MakeCommerce integration.