Leading digital retail finance and payments provider, Zip Co has been selected by BigCommerce as an Elite Partner to offer flexible digital payment options to BigCommerce’s network of more than 60,000 merchants globally.
With so many options in today’s retail environment, merchants need to be thoughtful about decreasing barriers to purchase for their customers – including providing easy-to-use alternative payment methods at checkout, according to BigCommerce chief commercial officer, Russell Klein.
“Zip is a trusted global leader in installment-based payments, and we are excited to welcome them as Elite Partners. Our merchants and their customers will benefit from Zip’s transparent Buy Now, Pay Later financing solutions.”
Zip offers point-of-sale credit and digital payment services to industries including retail, home, health, automotive and travel. The company has operations across Australia, New Zealand, South Africa, the UK and US via Quadpay.
Following success in Australia and New Zealand, Zip Co is expanding its partnership with BigCommerce to the US and U.K. markets, Zip Co chief commercial officer Hamish Moline said.
“Given the resilience and acceleration of the BNPL model globally, Zip and BigCommerce will work together to shape the future of e-commerce, giving merchants on the platform the ability to offer customers a way to make purchases in a way that is fair, transparent and interest-free.”
Zip and QuadPay’s robust integration with BigCommerce enables brands to quickly and seamlessly implement Zip with the following benefits:
- Four in 10 (40%) of consumers say they are more likely to complete a transaction if BNPL is offered at checkout, suggesting that merchants that do offer BNPL can expect to see increased Average Order Value (AOV) and conversion.
- The direct integration to the BigCommerce platform means that merchants can activate Zip and QuadPay instantly.
- Competitive and flexible pricing options including merchant fees and consumer fees, which reduce as a merchant’s transaction volume increases.