Sale Price: As a cannabis retailer, stocking expensive items can be daunting, as it can take longer to sell them compared to lower-priced products. However, by leveraging Buy Now Pay Later (BNPL) options from our partner Gratify, you can not only sell more of your slow-moving stock but also increase your inventory of higher-priced items that customers may have previously been hesitant to purchase outright.
How can BNPL help you stock (and sell) stock more expensive items?
When customers see expensive items, they may be hesitant to make the purchase outright. By offering BNPL options, you can make these purchases more accessible to a wider range of customers, as they are more likely to buy if they know they can spread the payments out over time.
BNPL can also help move slow-moving stock. Customers may be more willing to purchase items that they may have previously overlooked if they can make smaller payments over time. This can also help increase customer loyalty, as they are more likely to return to your business if they know you offer flexible payment options.
By offering interest-free installment payments, you can make expensive items more affordable for your customers. This not only helps to increase your sales but also increases the likelihood of customers returning to make additional purchases in the future.
How can BNPL help with Sale Price?
Gratify offers a range of BNPL options that can be customized to fit your business needs. They provide a seamless integration with your existing e-commerce platform, making it easy to offer BNPL options to your customers. Gratify also takes on the risk of non-payment, meaning you don’t have to worry about customers defaulting on payments.
Moreover, Gratify’s BNPL options can also help you free up cash flow by allowing you to financing more expensive items without the barrier of consumers worrying about large one-time payments. This means you can confidently invest in more expensive inventory (which often has higher margins) and offer financing, without putting a strain on your cash flow.
Conclusion
By leveraging BNPL options from our partner Gratify, you can increase your sales and be confident that you inventory of expensive items will move. By offering interest-free installment payments, you can make these products more accessible to customers, while also increasing customer loyalty.
With Gratify’s seamless integration and marketing support, you can effectively promote your BNPL options and drive sales. For further inquiries on how Merrco can assist you with setting up BNPL, please do not hesitate to contact us at info@merrco.com or call our toll-free number at 1-800-957-0534. Don’t let slow-moving stock hold your business back!