Why Shopify Merchants Should Offer Partial.ly Payment Plans
In today’s competitive eCommerce landscape, Shopify merchants must find innovative ways to attract customers, increase conversions, and boost sales. One of the most effective strategies is offering flexible payment options like Partial.ly. By integrating Partial.ly payment plans into your Shopify store, you provide customers with greater financial flexibility, improve your revenue stream, and stand out from competitors. Here’s why every Shopify merchant should consider adding Partial.ly payment plans to their store.
1. Increase Conversions and Reduce Cart Abandonment
Many potential customers abandon their carts due to the high upfront cost of a purchase. Offering Partial.ly payment plans allows shoppers to break down their payments into manageable installments, making purchases more affordable and reducing the likelihood of cart abandonment.
2. Boost Average Order Value (AOV)
Customers who can pay over time are more likely to add extra items to their cart or choose higher-priced products. With Partial.ly, you can encourage larger purchases without requiring customers to pay the full amount upfront, leading to a higher AOV and increased revenue.
3. Improve Cash Flow with Automated Payments
Partial.ly automates payment scheduling and processing to create a seamless payment experience. This ensures a steady cash flow while removing the burden of manual invoicing and payment management. Merchants will be notified as each payment is successfully processed.
4. Attract a Wider Customer Base
Not all shoppers have the financial ability or willingness to pay for expensive products in one lump sum. By offering Partial.ly payment plans, you cater to budget-conscious customers and those who prefer flexible payment options, helping you reach a larger audience and drive more sales.
5. Fully Customizable Payment Terms
With Partial.ly, merchants have full control over their payment plans. You can customize the down payment amount, installment frequency, and payment duration to fit your business needs while ensuring affordability for customers. This flexibility helps merchants create a seamless and personalized payment experience.
6. Easy Shopify Integration
Partial.ly integrates directly with Shopify, making it easy to implement without disrupting your current sales process. Once installed, customers can select Partial.ly on the cart page, set up their payment plan, and complete their purchase within minutes. Once the plan is opened, a corresponding Shopify order will be created. More on this later.
7. Gain a Competitive Edge
Offering flexible payment plans is a great way to differentiate your store from competitors. Many online retailers don’t provide installment payment options, so giving your customers the choice to use Partial.ly can be a significant selling point.
8. No Credit Checks Required
Unlike traditional financing options that require credit approval, Partial.ly does not perform credit checks. This makes it more accessible to a wider range of customers, including those who may not qualify for financing but still want to split their payments.
9. Enhanced Customer Experience and Loyalty
Providing a convenient and flexible way for customers to pay improves their shopping experience. Happy customers are more likely to return for future purchases, leave positive reviews, and refer others to your store.
10. Recoup Processing Fees
Payment processing fees from platforms like Stripe and Partial.ly can eat into a merchant's bottomline. With Partial.ly, you can add checkout fees to your plans, allowing you to recover these costs while still offering customers flexible payment options. More on this here: Retain Profits: Shift Partial.ly Fees to Customers
How to add Partial.ly to your Shopify Store
Partial.ly can be added to your Shopify cart page by adding a small snippet of code to your Shopify theme.
When you register at https://partial.ly/register, you will be asked to do the following:
- Connect a Stripe account for processing payments
- Create an offer of your payment terms
- Connect your Shopify store
Once connected, you will be led to your Shopify settings. Shopify Settings help control how Partial.ly creates your Shopify orders. You can read more on this here: Shopify Settings Guide.
When your Shopify settings are configured to your liking, go to your offer and click the integration tool. You will be given a snippet of code to place in your Shopify theme's cart file. A guide on how to do this can be seen here: Shopify Integration Guide.
After the code is added to your theme, the Partial.ly checkout button will appear on the cart page. When the customer selects Partial.ly, they will be led through Partial.ly checkout.
Upon opening the plan, Partial.ly will create a corresponding Shopify order and send all product, customer, and payment info to Shopify. You will be notified by email when the plan is open and payments are made. Once the plan is paid in full, Partial.ly will update the Shopify order as paid.
Conclusion
Incorporating Partial.ly payment plans into your Shopify store is a smart move for any merchant looking to drive more sales, attract a broader customer base, and create a smoother payment experience. With flexible and customizable payment options, Partial.ly helps merchants improve cash flow while providing customers with an easier way to afford their favorite products.
Ready to take your Shopify store to the next level? Integrate Partial.ly today and watch your sales grow!