ChargeAfter Partners with Quadpay to Bring Buy Now Pay Later to its Global Portfolio of Point-of-Sale Consumer Financing Opti...
Quadpay, a Zip company (ASX: Z1P), a global payment technology
pioneer that gives consumers a simple, transparent, and financially
responsible alternative to traditional credit cards, today
announced a new partnership. ChargeAfter, the leading network of
personalized point-of-sale consumer financing options for
merchants, will add Quadpay and Zip’s Buy Now, Pay Later
installments to its portfolio of consumer financing lenders and
options for online and in-store shopping.
“We are thrilled to bring installment payments to ChargeAfter’s
merchant network - in-store and online,” said Quadpay Co-CEO Brad
Lindenberg. “Buy Now, Pay Later empowers retailers to provide their
customers with flexibility to pay over time, which ultimately
fosters customer loyalty, increases conversions and a better
ChargeAfter is the market-leading BNPL network that connects
retailers and lenders to offer consumers personalized point-of-sale
financing options during shopping and at checkout from multiple
lenders including Quadpay and Zip globally. Merchants on the
ChargeAfter platform include leading iconic national retailers
across home appliances, furniture, mattresses, consumer electronics
and automotive, amongst other verticals.
“As we continue to build the leading Buy Now, Pay Later
financing network, we’re always looking for innovative financing
products that can be used by global merchants to help them sell
more, and provide consumers with more control over their spend,”
said ChargeAfter CEO Meidad Sharon. “Consumers and merchants alike
are increasingly demanding flexible payment options, and we believe
that this partnership is another step towards our continued effort
to further democratize credit, while placing the power of payment
options back into the hands of the consumer. We are creating the
next wave of credit.”
Through this partnership, ChargeAfter will enable merchants to
offer Quadpay’s and Zip’s transparent “pay in 4” installments
product using ChargeAfter’s one step financing application.
Consumers can split purchases into four payments with no tricks or
hidden fees. There is no hard inquiry to the consumer's credit
record and consumers are approved on a case by case basis. The
approval process is fast and consumers can set up automatic
deductions from their debit or credit card. An initial payment
equal to 25 percent of the total purchase price is due to complete
the transaction. Merchants that have implemented Quadpay for
e-commerce have often seen a 20 percent increase in conversions and
60 percent increased average checkout value.
About Quadpay, A Zip Company
Quadpay, A Zip Company (ASX Z1P), is a leading US-based
installment payment platform, providing consumers with a simple,
transparent, and financially responsible alternative to traditional
credit. Quadpay is reinventing the payments landscape with its
focus on innovation and customer-centricity, enabling more than
millions of customers to pay in four installments over six weeks.
Quadpay is part of ASX-listed Zip Co. Limited global operations
across Australia, New Zealand, South Africa, the United Kingdom and
the US. The company’s market-leading app enables seamless
integration for merchants and the ability for customers to shop
online and in-store, not just with Quadpay’s thousands of
integrated merchants, but with leading global retailers. For more
information, visit: www.quadpay.com.
ChargeAfter is the leading multi-lender buy now pay later
financing platform connecting retailers and lenders to offer
shoppers personalized financing options.
With its data-driven decisioning engine and network of global
lenders, ChargeAfter delivers the most relevant financing offers to
consumers from multiple lenders based on credit type – resulting in
credit approvals for up to 85% of customer applications.
ChargeAfter streamlines the distribution of credit into a single
platform that retailers can implement swiftly both online and
in-store. The company’s growing lender network offers seamless
integration to lenders seeking to grow their customer base while
expanding into new retail markets.
ChargeAfter investors include Visa, MUFG, BBVA, Synchrony
Financial, Propel Venture Partners, PICO Venture Partners and Plug
and Play VC and.
Headquartered in Sunnyvale, California, ChargeAfter has offices
in Atlanta, Dallas, New York, and Tel Aviv. For more information,
version on businesswire.com: https://www.businesswire.com/news/home/20210427005310/en/
For Quadpay Angela Nibbs Quadpay@maven-pr.com
For ChargeAfter Jeffrey Tower email@example.com