Buy Now, Pay Later (BNPL) platforms like Afterpay and Clearpay can help you reach more customers, increase order values, grow your profits, and boost your sales. And with global BNPL spending up 300%,1 there’s never been a better time to get on board.
Give your sales & revenue the lift they need
Offering Afterpay or Clearpay at checkout means your customers can shop now and pay later in interest-free installments. Not only will your customers thank you for it, but so will your bottom line.
Research shows that merchants who partner with Afterpay or Clearpay see an increase in their sales and revenue:
United States: Merchants experienced a 12% uplift in sales, with one in four experiencing an uplift greater than 10%
Australia and New Zealand: The average Small & Medium Business merchant has seen a 13% uplift in revenue, which equates to around $32,000 in new revenue annually.
United Kingdom: The average merchant experienced a 15% increase in overall profit margin from pre-Clearpay levels.
Improved sales volumes aren’t the only benefit you could see. Afterpay and Clearpay customers are more profitable and have higher average order values.
US: Shoppers who use Afterpay spend +40% more than those who do not
ANZ: Afterpay customers have an 18% higher average order value.
UK: The average UK merchant experienced a 15% increase in overall profit margin from pre-Clearpay levels.
Connect with the world’s best customers
There are 19 million7 active Afterpay and Clearpay customers globally who make it a priority to shop with businesses that offer Afterpay or Clearpay. 70%1 of these customers are Gen Z and Millennials, who are increasingly using BNPL to shop and manage their budget.
They shop more often…
US: shoppers who use Afterpay shop 50%+ more frequently than those who do not.
ANZ: Afterpay customers shop 24% more frequently than non-Afterpay customers.
UK: The top 10% of UK customers use Clearpay 32x per year.
…and spend more when they do
US: Afterpay merchants report that basket sizes are approximately 17% higher in value for Afterpay orders.
ANZ: Customers who use Afterpay spend an incremental 45% more than customers who don't use Afterpay.
UK: Clearpay merchants report that basket sizes are up to 50% higher in value than before Clearpay.
Are you ready to grow your sales?
Afterpay and Clearpay can integrate seamlessly with your OpenCart website. Signing up is easy and you can be up and running in a few days.