Offering flexible payment options at checkout is a great way to increase conversions. In fact, in today’s competitive online marketplace, it’s a must for any retail business owner hoping to compete.
One popular way of doing this is via Point of Sale (POS) finance, which allows customers to spread the cost of their purchases over time. But to do that, you first need to find the best eCommerce platform for you.
DivideBuy’s interest free credit option offers rapid integration with various eCommerce platforms, making it a seamless process for retailers to implement POS finance solutions.
What is an eCommerce platform?
Put simply, eCommerce platforms are the software that allows retailers to sell products online directly to their customers. Retailers can use most (but not all) platforms for tasks such as:
– product uploading with pricing
– inventory management
– shipping control
– secure payment processing
There are many challenging decisions to make when launching your own retail business, but choosing the best eCommerce platform for your business needn’t be one of them.
There are a number of platforms out there, but the most popular and convenient ones to choose from are:
– WooCommerce (an eCommerce plugin for WordPress)
These come recommended due to their standing as eCommerce market leaders, wide availability for businesses, and affordable pricing options. They’re versatile, too, so whether you’re on the lookout for the best eCommerce platform for a small business or for a large company, one of these platforms should suit you.
Shopify has quickly become one of the most popular eCommerce platforms on the market, with users across 175 countries to date. Here are some of the key features behind its success.
Shopify is used by a wide range of businesses – from enterprises to sole traders. Its intuitive platform allows beginners to easily set up and manage their online stores. And with a wide range of beautifully-designed templates and customisable themes, it offers visually appealing and professional-looking storefronts.
Shopify can integrate with numerous third-party apps and tools (including DivideBuy’s POS finance solution). This offers eCommerce business owners enhanced functionality and an expanded range of options.
Secure and Supportive
Shopify’s robust features include secure payment processing, inventory management, shipping options, and powerful marketing tools. It’s also renowned for its customer support and helpful merchant resources.
Overall, Shopify offers a comprehensive and scalable eCommerce solution for businesses of all sizes.
DivideBuy’s consumer credit tool integrates smoothly with Shopify. Offering your customers the option to pay with interest free finance at checkout with our solution means you could increase conversions by up to 40%.
WooCommerce powers millions of online stores worldwide. Its flexibility and extensive customisation possibilities make it a favoured choice for retailers looking to establish their eCommerce presence.
As a plugin for WordPress, its open-source nature provides flexibility and control over every aspect of an online store, enabling a deeper level of personalisation than many of its alternatives.
WooCommerce boasts a huge library of extensions and themes, allowing retailers to enhance their store’s functionality and design. It offers robust features such as product management, inventory tracking, shipping options, and a wide range of payment gateways.
It also benefits from a large, active community, ensuring continuous development, support, and numerous additional resources.
DivideBuy’s conversion-enhancing widgets (such as our Eligibility Checker tool for soft credit checks) and modular finance solution make us an ideal fit for WooCommerce. When used together, our conversion optimiser tools and interest free credit offering increase credit sales by up to 70%.
Magento is a feature-rich eCommerce platform owned by tech giant Adobe, and aims to empower businesses of all sizes to create robust online stores. It’s more recently been named Adobe Commerce.
Known for its advanced functionalities, Magento offers an extensive range of customisation options. But it’s worth pointing out that with its comprehensive, advanced nature, it requires some technical knowledge to really get going.
Add it on
Whereas Shopify creates a storefront for you, Magento can be added to most of the hosting platforms around. And while Magento does offer its own hosting service, this means you can save costs by integrating it into your own.
When you choose DivideBuy as your credit provider, our tech experts will integrate your interest free finance solution with Magento, regardless of any additional hosting platform you’re using. Our checkout journey can be completed in just 60 seconds, reducing your cost per acquisition by up to 36%.
Offering interest free credit through POS finance solutions is a powerful tool for retailers. It can enhance customer satisfaction, increase conversions and drive sales. And while we can’t decide which eCommerce platform to use for you, we can guarantee that our payment solution will integrate seamlessly with Shopify, WooCommerce or Magento.
DivideBuy’s rapid integration capabilities make us an ideal choice for retailers looking to implement POS finance on their eCommerce platforms as soon as possible. Our team will take care of the entire process on your behalf, saving you stress and that all-important currency – time. There’s also the option to do it yourselves with support from our tech team.
If you’re looking for something else entirely, we also provide bespoke integrations for eCommerce platforms outside of Shopify, WooCommerce, and Magento. This offering mostly caters to retailers who use specialised platforms or have unique integration requirements.
By working closely with DivideBuy’s technical team, merchants can acquire a tailor-made solution that perfectly aligns with their eCommerce setup, and in doing so, provide customers with a seamless, convenient POS finance experience.
Whatever option you choose, by partnering with DivideBuy, retailers can unlock the potential of interest free credit and stay ahead of the game in an increasingly competitive eCommerce landscape.
Book a demo with us now, or find out more here.