A new partnership between Float and Peach Payments will make it easier for locals to buy big ticket items without incurring additional credit. Shoppers can use their credit card limit to buy an item and then pay it off in installments, with payment only taken when installments are due.
A new partnership between Float and Peach Payments will make it easier for locals to buy big ticket items without incurring additional credit.where a shopper can use their credit card limit to buy an item and then pay it off in installments. While the full purchase is reserved, payment is only taken when installments are due.
This means that credit card holders aren’t incurring yet another line of credit and are instead using existing credit. The company claims that merchants that offer Float at checkout see a 134 percent increase in basket size, higher conversions from shoppers to buyers and a more premium customer base.
“Partnering with Peach Payments marks yet another key milestone for Float, enabling thousands of merchants to boost sales with flexible, card-linked instalment solutions that empower shoppers with responsible payment options,” says chief executive officer at Float, Alex Forsyth-Thompson.. Merchants it works with include NetFlorist, Weylandts, Computicket, and One Day Only.
“Peach Payments has seen a rise in popularity of BNPL options, particularly how significantly these options increase conversion rates for merchants. Peach Payments adds value to merchants in many ways. One of these is offering a range of BNPL payment options so customers can take full advantage of merchant offerings,” says head of partnerships at Peach Payments, Anine de Kock ., solutions like Float can offer a good way to get items one needs in a pinch without adding to their credit profile.
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