Overview
Earn more with our Buy Now, Pay Later feature, designed to provide greater flexibility and convenience for both clients and professionals on the Readyhubb platform.
This guide will walk you through the key aspects of this feature and how to use it effectively.
Benefits of Offering Buy Now, Pay Later
Increase Bookings: Clients spend 40% more! Your clients are more likely to book higher-priced services when they can pay over time.
Upfront Payment: Receive your payment immediately upon booking confirmation, reducing financial risk.
Client Flexibility: Offering flexible payment options can improve client satisfaction and loyalty.
No Risks for your business: Afterpay, Affirm, and Klarna handle all of the risks and collect payment installments from clients. They also handle all chargebacks and fraud.
How It Works for Professionals
Upfront Payment: Once the appointment is confirmed, you'll receive the full payment automatically from partners like Afterpay and Klarna.
Funds Release: These funds are deposited into your Readyhubb pending balance until the booking date.
Mark as Completed: After you provide the service, mark the booking as completed in checkout. This action releases the funds to your available balance, making them ready for withdrawal. The full amount (minus processing fees charged by Afterpay, Klarna, or Affirm) is then available for you to withdraw.
Collection by Partners: Klarna, Affirm, and Afterpay take care of collecting the payment installments from the customer.
Rescheduling: Pros cannot cancel Buy Now, Pay Later appointments but can send reschedule requests to clients.
Important Points to Remember
Eligibility: Buy now, pay later payment options are available for services priced between $50 and $2,000.
Cancellation Policy: If a client cancels within the allowed window, the refund will be processed after deducting any applicable deposit and payment processor fees (6% + 30¢).
Scheduling Limit: Buy Now, Pay Later appointments cannot be scheduled more than 28 days in the future.
FAQS
What to Do if a Client Needs to Change or Add a Service
If a client books through Buy Now, Pay Later but needs to change or add a service, here’s how to handle it:
Pending Balance: Once an appointment is booked with Buy Now, Pay Later, the authorized payment amount is deposited into your Readyhubb pending balance.
Changing the Booking: To change or add a service, the current appointment must be canceled and rebooked with the updated services.
Day-of Changes: If a client needs to make a change on the day of the appointment, you can assist them in person with the cancellation and rebooking process.
Refunds: For canceled appointments, refunds will be processed after deducting any applicable deposit and payment processor fees (6% + 30¢).
Net Payment: Clients will receive the net payment after these fees are deducted.
How do Buy Now, Pay Later options benefit my business?
By offering Buy now, pay later you can attract more clients and increase the average price of bookings. It provides clients with easy payment plans, encouraging them to book more services.
By integrating Buy Now, Pay Later options, you can offer greater flexibility to your clients while ensuring you get paid upfront. This feature is designed to help you grow your business and improve client satisfaction.
Does Readyhubb charge fees for Buy now, pay later?
Readyhubb does not charge any fees, but Klarna, Affirm, and Afterpay apply a standard payment processing fee of 6% + 30¢ per transaction, this is charged to professionals.
Will my clients have to pay interest on their payment installments?
No. Booking through Afterpay, Affirm, or Klarna is a zero-interest experience!
Can I offer Buy Now Pay Later for only some of my services or products?
No, once you activate BNPL, it will be available for all your services, products, and invoices. At this time, you can't limit BNPL to specific items or services. This ensures every client can enjoy flexible payment options across your entire range.
How can my clients quickly find out what's involved in applying for Buy Now Pay Later financing?
Each Buy now, pay later provider has a unique approval process. Clients can visit their preferred provider's website for details. Here are some helpful links:
If my client defaults on their Buy Now Pay Later (BNPL) financing, am I or my business liable to repay it?
No worries! If a client defaults on their BNPL payments, your business isn't liable. Your client is fully responsible for repaying the financing payment provider.
How do I enable Buy Now, Pay Later options for my services?
To enable Buy Now, Pay Later options, go to your Readyhubb business settings > terms of payment section and select the Buy now, Pay Later option this will activate payments with Affirm, Afterpay, and Klarna for your clients. Make sure your account is set up for online payments and that you have verified your identity.