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how to add buy now pay later on shopify

How to set up Shop Pay Installments hey guys christian here and today we're,gonna set up shop pay in

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Updated on Feb 02,2023

How to set up Shop Pay Installments

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How to set up Shop Pay Installments

hey guys christian here and today we're,gonna set up shop pay installments so,that your customers can buy now and pay,later let's get started,so with shopping installments buyers,have the flexibility to split their,purchases into four equal interest free,payments with no additional or hidden or,late fees and no impact to the credit,store the buy now pay letter product is,already provided to be an important,sales conversion driver for shopify,merchants so,what are the results,let's investigate,so number one average order volume,increase up to 50 percent,one out of four merchants absurd 50,higher average order volume with shop,pay installments number two merchants,can also tap into shop pays 60 million,base of users a highly active and,engaged audience consisted of mostly u.s,buyers this customer base is the most,extensive among buy now and pay later,providers now before we move on i just,want to say welcome to everyone new my,name is christian pinon one of the,co-founders here at bitbranding we'll be,helping frustrated store owners since,2015 become impactful store owners,tutorials tactics and strategies the one,way you can support our channel is by,hitting that subscribe button and,turning on notifications,now the third thing that we've seen is,faster checkout times shot pay,installment offers a 30 faster checkout,experience to return installment users,return users have a 69 second checkout,time compared to a 104 second average,checkout time on third-party installment,solutions now stick around to the end of,the video i'm going to show you how to,install shop pay installments on your,store so some of the requirements are,that you have to have a store based in,the u.s selling with us dollars and have,both shopify payments and shop pay,enabled there are a couple other,requirements like your store has to be,in english,you can't be selling,drug paraphernalia,or,there are a couple of other requirements,and that's based off of the fact that,shop paying installments works with a,firm so they sort of partner together to,provide the service,so there are certain restrictions with a,firm that they have to abide by so if,your store does not offer shop pay,installments it could be for one of,those reasons all right now let's get,into the computer and see,how you can enable shop pay installment,on your store now you want to go to your,settings and then click on the payments,tab,and then in here,you'll want to go to manage,and then if you scroll you will see shop,pay so you will have to have shop a,enabled and then you will see this new,shop hey installments uh where you can,actually check mark it and enable it as,well,order caution,the cost for this is being,attributed to you right so you're,offering the service for your clients,but your,credit card rate is going to be a little,bit higher so you're going to be charged,for that so it's up to 5.9,plus 30 cents so it's a little bit,higher than your standard uh credit card,rate and that's where they kind of make,their money obviously it's not from the,customer but it's from you the merchant,all right so it's just as easy as that,um again if you don't have this enabled,yet on your store that means that it's,a little bit of a slow rollout so,you probably will see this in the future,and again there's a few of those,requirements that you have to have in,place right now in order to,have the benefits of shop pay,installments and if you don't then just,wait a little bit or potentially tweak a,couple things in your store to make sure,that you have the best chances to have,shop pay installments,now don't forget to leave a comment down,below if you have any questions about,shop hey installment or any potential,other apps that you might want us to,talk about or show you how to install on,your store all right that's all for,today we'll see you on the next one,you

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